Friday, November 28, 2014
 
Follow sptimesonline on Facebook Follow sptimesonline on Twitter Follow sptimesonline on RSS Download APP
MOST READ



PARTNER NEWS



BLOGS



OPINION



WHERE TO GO?

19th Century Portraits

History of St. Petersburg Museum: Rumyantsev Mansion

 

Перевести на русский Перевести на русский Print this article Print this article

EU, Russia Threaten Arbitration Over Sanctions

Published: August 21, 2014 (Issue # 1825)



  • Despite frequent Russian threats to take their grievances to the WTO, it was Poland on Tuesday that made a first visible political push in that direction with its official request to the European Commission.
    Photo: WTO / Flickr

As the war of sanctions and trade bans between Russia and the West smolders, parties on both sides have brandished the World Trade Organization as the final judge of the other's offenses, threatening to transform their deliberately temporary sanctions into a drawn out and acrid court process.

But as Poland officially urges the European Commission to take Russia to the WTO over its bans on EU food imports, Russian politicians should hope the conflict never gets that far, analysts said.

Russia's food bans are significantly easier to fight at the WTO than EU sanctions, said Ian Bond, director of foreign policy at the London-based think tank Center for European Reform.

"[EU sanctions] have avoided any outright bans or tariffs on Russian exports," Bond said. "Paradoxically, the fact that the EU has not really gone down the line of the so-called sectoral sanctions … may actually make it much more difficult for the Russians to make a case in the WTO."

The EU and U.S.'s harshest sanctions, imposed in late July in an attempt to force Russia into ceasing its support of separatist rebels in war-torn eastern Ukraine, cut off state-owned Russian banks' access to long-term debt in Western capital markets and restricted bans on exports of sensitive technologies to Russia. While going further than any previous Western measures, economists agreed that the full scope of the damage would only be seen in the long term.

Russia's food bans earlier this month, on the other hand, had an immediate and drastic impact on trade, diverting food imports worth a total of about $9 billion a year from the U.S., the EU, Canada, Australia and Norway.

Despite frequent Russian threats to take their grievances to the WTO, it was Poland on Tuesday that made a first visible political push in that direction with its official request to the European Commission.

Poland was one of the EU countries that suffered the fiercest losses from the import bans. Agriculture Minister Marek Sawicki said previously that Poland will lose 750 million euros (nearly $1 billion) from the Russian import bans, which cut off 50 percent of Polish food exports, RIA Novosti reported.

Pages: [1] [2]






 


ALL ABOUT TOWN

Thursday, Nov. 27


The Customs and Transportation Committee for AmCham meets this morning at 9 a.m. in their office on Ulitsa Yakubovicha.


Tickets are still available for local KHL team SKA St. Petersburg’s showdown with Siberian club Metallurg Novokuznetsk tonight at 7:30 p.m. in the Ice Palace outside the Prospekt Bolshevikov metro station. Tickets can be purchased on the team’s website, at the arena box office or in their merchandise store on Nevsky Prospekt.


Celebrate one of Russian literature’s most tragic figures during Blok Days, a two-day celebration of the 134th anniversary of the poet’s birthday. The tragic tenor’s work, which led to writer Maxim Gorky to hail him as Russia’s greatest living poet before his death in 1921, will be recited and meetings and discussions about his contributions to the Silver Age of literature in St. Petersburg will be discussed in the confines of his former residence.



Friday, Nov. 28


Join table game aficionados at the British Book Center’s Board Game Evening. Held every Friday at 5 p.m., aficionados and amateurs alike can come take part in a variety of different games that test one’s intellect and cunning.



Saturday, Nov. 29


Cats, dogs, birds, rodents and reptiles are just some of the things that will walk and crawl at Lenexpo convention center this weekend as part of Zooshow, a two-day exhibition featuring not only man’s best friends but a four-legged fashion show, as well as a food fair that will help pet owners find out more about which kibbles are best for their hungry pets.



Sunday, Nov. 30


Remember the 75th anniversary of the beginning of the Russo-Finnish war in 1939 during today’s reenactment titled “Winter War: How it Was.” More than 200 people will take part in recreating the opening salvoes of the battle for the north in Kamenka, a small village situated between Vyborg and St. Petersburg, using authentic equipment and vintage vehicles from the era. The faux battle begins at 2 p.m.



Monday, Dec. 1


Serbia filmmaker Emir Kusturica is the featured guest this evening at the Lensovet Palace of Culture the Petrograd Side. Fans of the director will get the chance to watch his movie “Black Cat, White Cat,” as well as ask questions about his award-winning filmography. Tickets for the event, which starts at 7 p.m., start at 2,000 rubles ($42.50).



Tuesday, Dec. 2


Today is the final day of “Takoy Festival,” a three-week program of plays based on the works of Dostoevsky, Remarque and other famed European writers, whose work is transcribed for theatrical performances. Tonight’s festival finale is “Fathers and Sons,” a two-act drama staged by the Novosibirsk Academic Drama Theater based on Turgenev’s classic about familial relations.



Times Talk