Vladimir Putin and Prime Minister of Italy Giuseppe Conte held a meeting with heads of leading Italian companies in the Kremlin, Moscow, on Wednesday, October 24, 2018.
Mr Putin and Mr Conte took part via videoconference in the opening of a high-voltage motor plant in Chelyabinsk.
The new plant to produce AC motors and generators is located at the Stankomash Industrial Park in Chelyabinsk and will ensure complete domestic production in Russia, hence making it independent from foreign suppliers.
Production capacity is projected at up to 300 items per year. These motors are used primarily in pumping units for main oil pipelines.
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