China says will hit back after US proposes fresh tariffs on $200 billion on goods

China has accused the US of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10% tariffs on $200 billion of Chinese goods.

South Korea denies stopping Iran's oil imports

The South Korean embassy in Tehran on Saturday denied that the country has stopped oil imports from Iran, IRAN Daily reported.

Russia introduces additional taxes on US goods: ministry

Russia has introduced additional import tariffs of 25-40 percent for a range of US goods, including construction and road machinery, oil, gas and metals industry equipment and optic fiber, the Russian Economic Development Ministry said Friday.

US presses countries to terminate Iran oil imports in months

The U.S. State Department said on Tuesday that it has been pushing countries to stop importing oil from Iran by November.

U.S. mulling over impact of oil-related sanctions on Venezuela

The U.S. government is weighing the potential negative impacts of placing sanctions on Venezuelan oil or oil-related products, the secretary of state said.

UN Security Council unanimously adopts resolution imposing new sanctions on North Korea

The UN Security Council has unanimously imposed a new round of sanctions on North Korea following its latest ballistic missile test launch. The resolution seeks to ban nearly 90 percent of refined oil product exports to Pyongyang.

North Korea Rejects UN Sanctions Resolution, Warns US

North Korea on Tuesday rejected a UN Security Council resolution imposing tougher sanctions and said the United States would soon face the "greatest pain" it had ever experienced.

UN Security Council slaps new sanctions on North Korea

The UN Security Council has unanimously adopted a US-drafted resolution imposing new sanctions on North Korea following its sixth and largest nuclear test.

Corée du Nord: sous pression, Pékin restreint ses importations

La Chine, principal soutien de Pyongyang, a annoncé lundi suspendre toutes ses importations de fer, plomb et produits de la mer nord-coréens, en application des nouvelles sanctions onusiennes et sous la pression insistante de Washington.

China defends North Korea efforts in response to Trump tweet

 China defended its response to North Korea after U.S. President Donald Trump commented on Twitter that China's pressure on North Korea has not worked.

Dmitry Medvedev : Russia has taken no decision to resume import of Turkish vegetables yet

No decisions to resume supplies of Turkish vegetables to Russia have been taken yet and the issue will be discussed with partners from Turkey, Prime Minister Dmitry Medvedev said on Tuesday.

Russia sees little hope to normalize ties with Turkey in near future

Russian Foreign Ministry said Tuesday that Moscow's relations with Ankara are not expected to be normalized in the foreseeable future due to the "anti-Russia stance" of the current Turkish leadership.

Ukraine broadens ban on Russian goods

Ukraine broadened its ban on Russian-made goods on Wednesday in the latest round of trade row with Moscow, which ignited after Kiev entered a landmark free trade agreement with the European Union (EU).

Rusia impone sanciones a Turquía por el derribo del Su-24 en Siria

 La respuesta de Moscú al derribo de un avión militar ruso por un F-16 turco no se ha hecho esperar. El presidente Vladímir Putin este sábado ha firmado un decreto que contiene una amplia lista de sanciones económicas contra Turquía con el objetivo de garantizar la seguridad de los ciudadanos rusos.

Ministro de Agricultura ruso no descarta embargo agrícola a Turquía

Los habitantes de Rusia no advertirán ninguna escasez de frutas y verduras si el país renuncia a los suministros provenientes de Turquía, declaró este miércoles el ministro de Agricultura de Rusia, Alexandr Tkachov.

EU requests WTO consultations with Russia over excessive import duties (EC - 31.10.14)

From the Official Website of the European Commission, Press release, Brussels, 31 October 2014:

The EU requested today consultations with Russia in respect of import duties for paper products, refrigerators and palm oil. The EU takes this first step in the dispute settlement procedure in response to the violation by Russia of its obligations under the World Trade Organisation (WTO).

Upon joining the WTO, Russia committed to keep its import duties below the limits expressed in the accession documents.

Venezuela blames US for global oil price slump

Venezuelan President Nicolas Maduro on Thursday blamed Washington for the slump in global oil prices.

Washington is "flooding" the market with cheaper shale oil to bring down prices and ultimately impact Russia and other oil-producing nations, Maduro said at a televised Cabinet meeting.

"The US and its allies want to affect oil prices to harm Russia, which produces around 10 million barrels per day, and that is the vital income of their economy," said Maduro.

Oil importing countries could save billions. Benefits for end users from low crude prices also depend on various factors...

ANKARA
By Arif Hüdaverdi Yaman
Oil importing countries could benefit from weak oil prices which are at their lowest in four years and the outlook seems they will dive further in the coming months. 
While oil exporting countries become alarmed, the free fall in Brent prices may relieve oil importing countries' budgets. Top oil importing countries like the U.S. and China could save billions of dollars from the weak Brent prices.

EU Farmers to Receive Only Partial Compensation for Russian Food Ban. (German Minister Urges Europeans to Eat More Fruit)

MOSCOW, September 3 (RIA Novosti) - European farmers, affected by the Russian food ban, will not receive full compensation, German Agriculture Minister Christian Schmidt was quoted as saying by Agence France-Presse.

The minister said he did not want people to get the wrong idea that “there would be one-to-one compensation. There can’t be that.”

However, Schmidt said there would be compensation in the form of support in order to get a better “grip on the market.” He also urged people to consume more.

Argentina to ‘immediately appeal’ WTO ruling. (The EU, Japan and the US launched a WTO dispute settlement case in May 2012)

Argentina will appeal the World Trade Organization (WTO) ruling that urged the country to “respect international trade laws” following the complaint issued by the US, the European Union and Japan questioning its “protectionist measures."
Economy vice-minister Emanuel Alvarez said today the South American country will “immediately appeal” the ruling as Argentina’s borders are “not closed to commerce but carefully cared to protect businesses.”

“Every measure we take is to protect importers and benefit the country,” Alvarez told reporters during a radio interview.
“The WTO usually just asks for some adjustments,” he clarified and insisted Argentina will appeal the ruling.