Italy - Russia (Sylodium, the global platform)

Italy - Russia

Trade between Italy and Russia reach all-time highs, according to figures from the National Statistics Institute confirm Italy as Russia's second largest European trading partner.

Trade between the two nations grew 15.9 percent in the first six months of 2013, more than with any other of the five major emerging economies (BRICS). Russia is the largest export market for Italy among the five nations, worth 10 billion Euros in 2012, compared to about 9 billion Euros for China.

Russia and Italy have been increasing their trade turnover from year to year, and relations between the two countries "are continuing to develop very actively," Russian President Vladimir Putin said, according to Voice of Russia.

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