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Russia brings WTO complaint over ‘illegal’ US sanctions - Medvedev

Published time: June 20, 2014 15:15
Prime Minister Dmitry Medvedev speaks at the plenary meeting of the St. Petersburg International Legal Forum. (RIA Novosti/Dmitry Astakhov)

Prime Minister Dmitry Medvedev speaks at the plenary meeting of the St. Petersburg International Legal Forum. (RIA Novosti/Dmitry Astakhov)

Moscow intends to present a complaint to the World Trade Organization (WTO) claiming ‘politically motivated’ US sanctions that target local companies are hurting Russian external trade and violate WTO rules, Prime Minister Dmitry Medvedev said on Friday.

"Unilateral politically motivated sanctions are illegal from the point of view of classic international legislation, they do not meet public order requirements as they ignore WTO's statute mechanism of constraint," the Prime Minister told an audience at the St. Petersburg International Legal Forum.

In their latest round of sanctions, the US has tried to target Russia’s economy by forbidding business with certain organisations, as well as asset freezes on individuals believed to be close to Russian President Vladimir Putin.

"Such sanctions violate WTO rules, including the most favored nation status, as they show discrimination to service providers and suppliers from another country and violate restrictions of the second article of the WTO's General Agreement on Trade in Services,” Medvedev said.

Europe, though hesitantly, has followed the US sanction march and produced its own Russian business blacklist.

Bilateral net trade between the two former Cold War enemies is relatively small - at $38 billion in 2013, but Russia is more worried about continuing good trade relations with Europe, which amounted to $330 billion last year.

Medvedev said the US sanctions will affect Russia’s external trade, adding he understood that challenging the sanctions at the WTO “will be difficult because the US has both doctrinal and practical authority in the organization.”

Russia, the world’s sixth largest economy, became the 156th member of the WTO in August 2012, the last of the G20 nations to join.

The 159 member WTO group account for 97 percent of global trade.

Comments (60)

 

Pat Richards 23.06.2014 13:38

WTO is US organization. Russia cannot think for a second they will be judged fairly. I know they are not that naive.

 

solitaire suay 23.06.2014 06:16


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Mark 23.06.2014 05:38

The WTO was not designed to address Russian complaints -- it is intended for consolidating all trade in the hands of the American multinational corporations. Mr Medvedev will soon find out tht there are problems with his case.

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