russia puts its losses from us aluminum steel tariffs at 600mln
Last Updated : GMT 09:31:41
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 09:31:41
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 21:06 2017 Wednesday ,26 April

N.Korea Detains US Citizen

GMT 15:10 2018 Sunday ,09 December

President Abbas to address Fatah Advisory Council

GMT 17:57 2017 Saturday ,25 March

Erekat Denies Any New Peace Initiative

GMT 13:00 2017 Friday ,29 December

Benazir Bhutto’s death anniversary observed

GMT 14:38 2017 Monday ,25 September

Uber sorry over London 'mistakes', but still to appeal

GMT 11:42 2017 Wednesday ,26 April

Dalal Abdel Aziz participates in a new drama show

GMT 20:53 2017 Tuesday ,26 September

Saudi Arabia to allow women to drive

GMT 00:18 2017 Tuesday ,28 November

du organises Waste Management Forum

GMT 07:55 2017 Thursday ,21 December

ADB lauds Pakistan’s improved credit rating

GMT 21:03 2017 Wednesday ,08 February

1524 tourists arrive in Dahab over past 24 hours

GMT 06:17 2017 Thursday ,23 February

Arab Coalition intensified raids on Yemen's Serwah

GMT 12:08 2017 Monday ,17 April

Doha Municipality Celebrates GCC Food Day

GMT 09:24 2017 Saturday ,29 April

5 key moments in Venezuela crisis

GMT 07:21 2017 Sunday ,19 February

Kenya, Egypt resolve to boost bilateral trade

GMT 23:44 2017 Tuesday ,05 December

Mt Gede-Pangrango trekking route closed
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