The dispute resolution procedure takes several years, but additional duties on US goods of the Russian Federation may be introduced in the near future. Russia has filed a lawsuit with the WTO to appeal against protective duties imposed by the United States on steel and aluminum, TASS reports citing Russian Minister of Economic Development Maxim Oreshkin. — Russia filed a lawsuit with the World Trade Organization to appeal additional US duties on steel and aluminum. The Russian Federation sent a request for consultations with the United States of America as part of the WTO dispute resolution process in connection with additional duties on products of ferrous metallurgy and aluminum, the press service of the Ministry of Economic Development explained.
Moscow has already calculated the “retaliatory measures”, but the world does not leave attempts to resolve the trade dispute with Washington. Without waiting for consultations, Russia warned the WTO of compensations. Russia seriously thought about protecting its “steel interests” in a WTO court. The reason for filing the lawsuit was “numerous violations of WTO rules committed by the United States,” added Mr. Oreshkin. Earlier, China, India, the European Union, Canada, Mexico and Norway did the same. The further sequence of actions is as follows. First, Russia and the United States will nevertheless try to find mutually acceptable ways to resolve claims, for which consultations will be appointed. If consensus cannot be reached, the Russian Federation has the right to ask the WTO to organize an arbitration group to consider the dispute, explained the head of the Ministry of Economic Development. But you need to prepare for the fact that the dispute resolution procedure is long and takes an average of several years. But the Russian Federation in the near future may introduce additional duties on American goods within the framework of the agreement on protective measures of the WTO. Recall that on June 20, the Ministry of Economic Development announced the cost of the «US response.» The ministry estimated the entire volume at $ 540 million, and the initial one at $ 93 million.