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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.

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ALL ABOUT TOWN

Thursday, Dec. 18


Improve your English and knowledge of British culture during today’s FORM lesson at the British Book Center. These free English lessons with a native speaker elaborate not only on grammar particulars but cultural topics as well. Today’s event will discuss the BBC Two documentary “Victorian Farm Christmas.”



Friday, Dec. 19


Test your mastery of parlor games during Game Evening at the British Book Center. Learn how to play a variety of classic, mentally challenging games and use your newly acquired skills to crush weaker opponents. The event beings at 5 p.m.



Saturday, Dec. 20


The city’s Babushkina Park on Prospekt Obukhovskoy Oborony will be invaded by dozens of rocking-and-rolling Santa Clauses during today’s Santa Claus Parade. Not only will they parade through the park but there will also be competitions amongst the festively-clad participants and a musical master class. There will also be a prize for the best-dressed Santa Claus.


Stock up your record collection during the Vinyl Christmas Sale at the KL10TCH bar on Konyushennaya ploschad today. Spend the afternoon perusing the records for sale while listening the classic, clean sound of records spinning out hits from a variety of musical genres and time periods.



Sunday, Dec. 21


TheZenit St. Petersburg basketball team returns to the northern capital this evening for a matchup with Krasny Oktyabr, a Volgograd-based basketball club. Tickets for the game, which tips off at 6 p.m. this evening, can be purchased on the club’s website or at their arena, Sibur Arena, on Krestovsky island.


Satisfy your sugar cravings during Sweet New Year, an ongoing seasonal festival at the Raduga shopping center. Each weekend of December will welcome hungry visitors to taste hundreds of different kinds of desserts made from a plethora of sweet treats. Workshops are open to visitors and seasonal gifts can also be purchased for those rushing to finish their New Year shopping.



Monday, Dec. 22


Pick out the latest fashions as holiday gifts for loved ones or as early presents for yourself during the Christmas Design Sale at Kraft on Obvodny Kanal, starting on Dec. 20 and continuing through Dec. 27. Designer clothes will be on sale every day of the week or you can buy something more festive to decorate the home while sipping on hot coffee and perusing the various master classes.



Tuesday, Dec. 23


Meet Arctic explorers Fedor Konukhov and Viktor Simonov during SPIBA’s and Capital Legal Service’s event “Arctic Expedition” this morning in the Mertens House business center at 21 Nevsky Prospekt. The meeting will discuss the explorers’ ongoing eco-social project and how companies can use the project as a unique marketing opportunity. Email office@spiba.ru by Dec. 22 if you wish to attend.



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