Russia warns of withdrawal from WTO

(Photo: Sputnik ) This was stated on Sunday by the first deputy head of the economic committee of the Russian Council of Federation, Sergei Kalashnikov. Kalashnikov stressed that the EU’s introduction of sanctions against Russia and the reciprocal embargo on the supply of food from the EU are “absolutely out of the logic of legislation related to the WTO.” The European Union intends to claw back from Russia 1.39 billion Euros per year and the WTO has already sent to the arbitration court the demand of Brussels. The required compensation equals the total value of exports of pork from the EU to Russia in 2013. The amount of penalties is planned to increase by 15% each year.

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