The European Central Bank and the bloc’s leaders have reportedly sparred over plans to tax sanctioned assets EU leaders and the European Central Bank have argued over a plan to use profits generated by Russian assets that are frozen under EU sanctions, Bloomberg reported on Friday, citing anonymous sources.

The industry has been under pressure since the collapse of several regional lenders The major turmoil that rocked the US financial sector in March following the collapse of several midsize banks is far from over, experts have told CNBC.

A strong distribution network has helped drive exports up despite trade restrictions Italian wines have maintained a strong position in the Russian market thanks to the expertise of Russian distributors, the president of the Italian-Russian Chamber of Commerce has said.