Russia claims US sanctions violate WTO commitments

Jul 25, 2014 | 01:42 PM | Andrea Hotter

Tags  Russia, sanctions, World Trade Organization, WTO, dispute settlement body, Rusal, Norilsk, Sergey Chemezov Andrea Hotter

NEW YORK — Sanctions against Russia violate the core commitments of the World Trade Organization (WTO), the Russian delegation to the WTO told a meeting of its general council, hinting that it would take matters to the group’s dispute settlement body.

"We consider the recent U.S. sanctions against Russian companies as a challenge to our trade and economic interests guaranteed by the WTO regulations," the delegation told the general council. "It looks like we are being forced to seek the protection of our legitimate rights and interests through the WTO mechanisms. Thus, the U.S. actions might cause the unfortunate chain of events that would ultimately undermine the credibility of the multilateral trading system."....

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