EU Signals Intent to Challenge Excessive Russian Duties at WTO
The European Union took the first step on Oct. 31 in confronting Russian duties on paper and paperboard, palm oil and its fractions, refrigerators and combined refrigerator-freezers, and other products, by requesting talks at the World Trade Organization (here). The…
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EU will be able to ask for a panel in 60 days if the talks do not bring some resolution in the dispute. EU officials claim Russia imposes duties that exceed some “bound” rates, said a WTO statement. The EU, as well as the U.S., has been embroiled in a diplomatic and trade conflict with Russia since the outset of conflict in Ukraine at the beginning of 2014.