A huge surplus of wine in the domestic market coupled with cheap imports from Spain pose the risk of bankruptcies French winemakers staged a mass protest this week against Spanish wine imports, arguing that they create unfair competition in the local market, which is already suffering from a surplus.

Lithuania has suggested including exports of buttons, nails, and sewing appliances in a 12th round of sanctions on Russia, EUobserver reported on Friday. According to the proposal, prohibiting the items is intended to “degrade Russian industrial capacities.” The list, among other things, is also said to include non-electric radiators for central heating and spare parts…

The ruble and yuan make up 95% of Moscow’s trade with Beijing, Maksim Reshetnikov says The share of ruble and yuan settlements in Russia’s foreign trade has surged to almost 70% as Moscow rapidly shifts away from Western currencies, Economic Development Minister Maksim Reshetnikov said on Friday.