The board of the Intesa Italian bank has announced about readiness to participate in the placement of Russian state bonds despite recommendations of the United States.
"This is not a sanction. It is a recommendation of the American side and Intesa will follow it,'' Chairman of the Board of Directors Antonio Fallico said.
At the same time Fallico noted that the bank would take part in the privatization of a number of Russian companies, Tass reports.
