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EU Says Russian Oil Export Duties Break WTO Rules

Posted November 20, 2014

Under Economic Issues, International Trade Issues

(Tom Miles – Reuters)

The European Union has told Russia that its system of oil export duties breaks World Trade Organization rules by discriminating in favour of China and against European buyers, diplomats with knowledge of the situation said on Tuesday.

The EU’s longstanding concerns over Russia’s oil duties, raised at a WTO committee meeting on Monday, could be the subject of a legal challenge at the WTO, one trade official said. Read more here.