USA also claims WTO breach by Russia.

By bne IntelliNews December 10, 2012
A number of US officials announced that a fresh ban on imports of American beef and pork to Russia is expected to be lifted and is considered as breach of World Trade Organisation (WTO) regulations, gazeta.ru reports. The announcement follows Russian veterinary and sanitary services ordering to prove the absence of certain chemical in Canadian and USA-produced beef and pork. At the same time Russian authorities had to deny that the ban is retaliation for Congress passing the so-called "Magnitsky List" of persona non grata that allegedly are associated with the death of lawyer Sergei Magnistky who leaked evidence on state corruption scandal to foreign prosecutors. To remind, last week Russia-EU consultations on WTO agreements' compliance begun in Geneva. The sides set to discuss claims against each other on lack of compliance on some WTO agreements. EC is concerned on excise duty on assembling vehicles in Russia, bans on importing livestock, imports tariffs on some goods. Russia, in turn, is concerned with measures concerned with third energy package, anti-damping measures and limitations on transits of energy goods. Previously EC already threatened that it might appeal to WTO should Russia fail to comply with the requirements of the organisation.

Related Articles

Russias participation in Cyprus bail-out under question.

As Cyprus is trying to come up with new ways to raise EUR 5.8bn needed to secure the financing from ECB, EC, and IMF, Russia's participation in the package is not clear. According to the latest ... more

Fitch: Russian banks risks in Cyprus limited.

Fitch Ratings believes that resolution of the Cyprus crisis with a deposit levy or some other form of burden sharing involving creditors is unlikely to result in material losses for Russian ... more

Sources: Russia could triple oil exports to China.

Russia and China discuss contracts that would triple exports of Siberian oil through various transport corridors, Reuters reports citing unnamed sources in the industry. Rosneft is discussing ... more

Dismiss