The European Union must not return
to a form of Cold War with Russia over the crisis in Ukraine,
Premier Matteo Renzi said Monday.
"On the one hand, it is clear that Russia must respect the
Ukraine, on the other hand, we can not think that Europe returns
to a climate similar to that of the Cold War," Renzi said in
comments at the Milan stock exchange.
He also said that sanctions imposed on Russia over its role
in the civil war that continues to rage in Ukraine have affected
Italian exports but not to a very large degree.
Italy-Russian trade is worth a total of about 25 billion
euros, with Italy running a trade deficit, said Renzi.
"The sanctions have not been particularly relevant," he
said.
The drop in oil prices and impact on producers and
processors has been more damaging, he added.
The European Union and the United States have imposed
sanctions against Russia over the Ukranian crisis.
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