EU sanctions worry Italian businesses in Russia

(AGI) Moscow, March 15 - The European Union's threatened sanctions against Moscow, in response to Russia's stance on Ukraine, would be "a serious mistake", said the President of Confindustria Russia, Ernesto Ferlenghi. According to Ferlenghi, if the sanctions were truly to be imposed it would "bring back the clocks 40 years" and only encourage Russia "to distance itself from the West", thereby strengthening trade with Asia, and China first and foremost. (AGI)