MOSCOW: Moscow delegation said in a meeting that WTO (World Trade Organization) decided to resolve tax dispute between Russia and EU (European Union).
Russia’s representatives said that negotiating process was “the most constructive way of reaching mutually acceptable decisions in the current situation.”
Maksim Medvedkov, director of the Department for Trade Negotiations at the Ministry of Industry and Trade and head of the Russian WTO said that Russia is ready to drop WTO lawsuits if European Union does same.
The delegation emphasized that in the event of arbitration, Russian representatives were ready to champion the interests of Moscow using all the tools permitted by the WTO.
Russia joined the WTO in August 2012. Brussels has repeatedly accused Moscow of not meeting the commitments it undertook since becoming a WTO member.
The European Union has filed at least four cases against Russia, its third largest trading partner, within WTO frameworks.
For its part, Russia has initiated two cases with the WTO against the European Union. The first concerns EU anti-dumping measures for some Russian imports, while the second is over EU measures relating to the so-called Third Energy Package.
