Antonio Fallico: “The financial system of Russia is destined for stability”


The financial system of the Russian Federation will see stability, said Antonio Fallico, Chairman of the Board of Directors of Intesa Bank, when speaking at the Eurasian Economic Forum in Verona. In his opinion, the Central Bank of the Russian Federation will leave the key rate at the current level with inflation maximum at 5%.

Also, making his speech, Mr. Fallico has noted that the countermeasures of the Eurasian Economic Union would make the Americans seriously think about imposing anti-Russian sanctions. The speaker was sure: it is unlikely that the United States will choose the toughest sanctions scenario towards the Russian Federation.

One shall note that the role of Mr. Fallico in the rapprochement of Russia, Italy and other countries of Eurasia is incredibly great. In particular, at the forum, the speaker referred to the readiness of Intesa Bank to consider financing the Novatek project, Arctic LNG-2, as well as Nord Stream-2. He noted that his company invariably had a positive attitude towards the part of the Russian economy that is not under sanctions and considered the Russian Federation a reliable partner with strong economic indicators.

Earlier, the banking group Intesa declared its interest in financing electricity projects in different regions of the Russian Federation. Mr. Fallico said that the power industry is an important backbone sector of Russia.

The publication is prepared by editorial office


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