Economic cooperation between Russia and Italy has shown strong performance of the past decade, with Italy ranking among Russias top European trading partners. Some 500 Italian companies operate in Russia and represent a whole sectoral range of Italian business. What are the long-term prospects for the bilateral economic cooperation between Russia and Italy? What are the next steps in further promoting closer ties with Italian business? What specific projects have a largest potential for strengthening this important commercial partnership in the current economic and political situation?