This year, Russia, just like last year, is a country of strategic importance for us. We believe that when it comes to diversification and delocalization of production, Italy can become a key player of the process in the context of delocalization, innovations, establishment and development of small and medium enterprises network — Manlio Di Stefano, Undersecretary of State for Foreign Affairs, Ministry of Foreign Affairs and International Cooperation of the Italian Republic.
In July last year at the initiative of our colleagues from Italy, the President of the Russian Federation signed a law on lifting the 49% restriction on the participation of foreign capital in small and medium businesses. <...> The Corporation has an online resource, which, in my opinion, is unique, and our Italian colleagues confirmed this, it is called Business Navigator. <...> Analytical and statistical data show that 483,000 small and medium-sized enterprises of those that used the Business Navigator services showed a revenue increase. Together with our Italian partners, we are promoting this product to the Italian market — Alexander Braverman, Member of the Board of Directors, Chief Executive Officer, Chairman of the Management Board, SME Corporation.
Russia is the largest energy supplier to Italy. Since 2016, Rosneft has delivered more than 40 million tonnes of oil and oil derivatives to Italy worth more than USD 16 billion — Emerson Dzhozef Milenski, Director of Oil and Gas Department in the Vice President Rank, Rosneft .