Europe loses three times more from sanctions than Russia – Banca Intesa chair ...News

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Europe loses three times more from sanctions than Russia – Banca Intesa chair
EU nations suffer much more from the economic penalties imposed on Russia than Russia itself, says Antonio Fallico, chairman of the board of directors of Banca Intesa and president of the Association Conoscere Eurasia. “European nations have lost three times more than Russia as a result of sanctions,” the Italian bank official told RT on the sidelines of the St. Petersburg International Economic Forum (SPIEF). Fallico said the delegation from Italy consists of the country’s corporate majors, representing such sectors as car manufacturing, infrastructure, energy, and engineering. The companies reportedly account for 90% of the mutual tr

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