russia puts its losses from us aluminum steel tariffs at 600mln
Last Updated : GMT 05:21:58
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 05:21:58
Arab Today, arab today

Russia puts its losses from US aluminum, steel tariffs at $600mln

Arab Today, arab today

Arab Today, arab today Russia puts its losses from US aluminum, steel tariffs at $600mln

Russia approached the World Trade Organization (WTO)
Moscow - TASS

Russia estimates its losses from steel and aluminum tariffs introduced by the United Statesa at $600 million, Russian Economic Development Minister Maxim Oreshkin said in an RT interview.

"We have already calculated the damage done to our economy by this decision of the United States, it stands at about $600 million. We have already compensated $100 million by the duties that have been introduced," he said.

In July, Russia approached the World Trade Organization (WTO) with a request to hold consultations with the United States concerning steel and aluminum duties imposed by Washington.

Russia claims the US duties of 25% and 10% on imports of steel and aluminum products respectively are inconsistent with provisions of the WTO's General Agreement on Tariffs and Trade (GATT) 1994 and the Agreement on Safeguards, the WTO press service reports. This is the seventh complaint initiated by WTO members against US duties on steel and aluminum. China, India, the European Union, Canada, Mexico and Norway filed similar complaints to WTO earlier.

Consultations provide an opportunity to discuss the matter and find a solution without further proceedings. However, if they are unsuccessful, the complaining party will have a right to request establishment of a panel of arbitrators after 60 days, WTO says. According to Oreshkin, the first round of consultations with the WTO produced no result.

Russia introduced extra duties of 25-40% for US goods as a response measure. Russian duties cover certain kinds of road construction machinery, oil and gas equipment and optic fiber.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

russia puts its losses from us aluminum steel tariffs at 600mln russia puts its losses from us aluminum steel tariffs at 600mln

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

russia puts its losses from us aluminum steel tariffs at 600mln russia puts its losses from us aluminum steel tariffs at 600mln

 



Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today For the Variety of Interior Design Styles

GMT 11:14 2017 Tuesday ,19 December

For the Variety of Interior Design Styles

GMT 06:59 2017 Wednesday ,04 January

New Republican-dominated US Congress sworn in

GMT 00:43 2014 Saturday ,18 October

Kuwait finance house: Sukuk market up 72%

GMT 03:28 2017 Wednesday ,15 November

Honduras accuse Aussies of drone 'espionage' AGEN

GMT 05:14 2017 Friday ,01 September

King congratulated by his brothers

GMT 00:21 2016 Tuesday ,06 September

Singapore stocks end up 1.71%

GMT 06:50 2017 Sunday ,24 December

Miss America suspends CEO over misogynistic emails

GMT 08:54 2016 Wednesday ,16 November

GCC social development strategy endorsed

GMT 17:27 2017 Saturday ,21 January

Egypt faces Uganda in AFCON 2017 Gabon

GMT 02:30 2017 Tuesday ,26 September

Trump says NFL insults about patriotism, not race

GMT 19:57 2016 Sunday ,04 December

Iran leader: US is unreliable

GMT 09:14 2016 Thursday ,03 November

Blacklisted Yemen firm denies helping Qaeda

GMT 10:26 2016 Monday ,26 September

Markets drop as Fed rally vanishes

GMT 02:21 2017 Tuesday ,24 January

US: Era of diplomacy and unity

GMT 16:06 2016 Wednesday ,21 December

Bollywood’s Saif, Kareena announce baby boy
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday