The Ministry of Economic Development of the Russian Federation commented to Izvestia on the data on the EU’s demand of € 290 billion from Russia. The ministry noted that this information is not reliable.
“The information that the EU“ demands € 290 billion from Russia ”in the framework of the dispute is not reliable. The EU requirements are limited to the abolition or modification of certain measures of the Russian Federation, which the EU considers to be in violation of the WTO rules. The EU estimates the Russian procurement market at € 290 billion, not the damage caused by the EU, ”the statement says.
It is noted that the WTO rules do not provide for the payment of “any compensation”.
“As part of its earlier consultations with the EU, Russia provided the European Union with detailed explanations regarding the full compliance of these measures with Russia’s obligations under the WTO. We will defend our procurement rules within the framework of the relevant court procedures, ”added the press service of the Ministry of Economic Development.
Also, this information to Izvestia was commented on by a federal official who takes part in the formation of Russia’s negotiating position in the WTO.
“At a regular meeting of the World Trade Organization Dispute Settlement (ODR) body, the European Union re-requested the establishment of an arbitration panel in the dispute“ Russian Federation – Certain Measures Regarding Domestic and Foreign Goods ”. In accordance with WTO rules, the corresponding re-request is automatically approved. This will lead to the establishment of a panel that will consider the EU claim. In the future, in accordance with the usual WTO procedure, the parties to the dispute will form the composition of such an arbitration group and the rules for its work, ”he said.
On December 25, it was reported that the EU had applied to the World Trade Organization (WTO), presenting claims to Russia for € 290 billion. It was noted that Russia “discriminated” on European goods with an import substitution policy for such an amount.
On December 26, a member of the international committee of the Federation Council, Sergei Tsekov, said that the EU has neither the moral nor the legal right to demand compensation from Russia for damage, since the import substitution program was a response to the sanctions imposed against the Russian Federation.
On November 19, it was reported that the European Union disputes several Russian measures taken as part of the import substitution program. On July 26, the EU filed a lawsuit against Russia with the WTO over measures that the alliance believes prohibit its companies from selling goods to Russian state-owned enterprises.
The Russian Federation has expanded its import substitution programs since 2015. In June, during a direct line, Russian President Vladimir Putin said that the country’s economic sovereignty was increasing despite Western sanctions, and the restrictions only strengthened import substitution programs.
Source: IZ
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
