The main goal of the UN-facilitated agreement has not been achieved as the food has not reached poor nations, the Russian president said Russian President Vladimir Putin held a phone call with his South African counterpart, Cyril Ramaphosa, on Saturday. The African peace initiative for the conflict in Ukraine and the grain deal were the…

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.

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.