On Wednesday, two days after the G-7 summit in Bavaria, President Putin was in Rome telling the press that the cost of sanctions to Russia amounted to billions of Euros for the Italian economy.

"Italian companies (…) could have given their enterprises work and created jobs," he said. Indeed, Italy was Russia’s third biggest trade partner, second only to Germany in the EU, the first being China. This relationship was too close for comfort for many Baltic States, that were originally skeptical ...

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