Newfound Partnership Between Russia and Italy

Summary

- Both are cultural powers
- Many events planned in both countries to support partnership
- Russia releasing artifacts from Hermitage Museum into Italy
- Italy sending Renaissance artwork to Russia
- Partnership primarily based on energy
- Russia huge exporter of oil and gas to European Union
- European Union huge buyer of oil and gas
- Partnership also entails Italy's ability to fly troops to Afghanistan over Russian territory
- Italy and Russia discussing joint energy transport project to supply gas to Southern Europe
- There has been one instance of asset swaps between energy companies from Russia and Italy

Russia/Italy Partnership- New Europe 
Map of Moscow
Map of Rome

Opinion

While this partnership between nations has bought many political, economic, and social benefits, it could be used in a way that better caters towards the current environmental issues. The primary reasoning behind this alliance was the transport, sale, and purchase of energy and energy related natural resources. However it is possible that this partnership could be put to better use environmentally while still promoting a certain level of economic, political, and social growth. Encouraging trade of renewable resources, especially with large buyers like the European Union, will have a massive positive effect on the environment.

Socially this relationship between countries is an important step in international trade between developed nations. The more positive relationships developed between countries, the more options for trade and the more competition in the markets. This would greatly reduce the prices for renewable resources and allow for a sharp incline in the useage of renewable resources. If this were to happen countries that could produce energy most efficiently would prosper over those who have less experience in those fields. My prediction in this case is that countries that are currently wealthy would gain more wealth due to their ability to sell cheaper, while countries with a lower current wealth would drop lower. This may not be a good thing in the beginning, however over time money would fluctuate from the wealthy countries in way of another resource. Whether the economies of nations would balance out is unknown, what is known however is the need for a sustainable source of energy.

Complex Mind Map

Interrelated and Controversial