Bbabo NET

Economics & Business News

The Kremlin responded to the US accusations of violations of the WTO rules

The official representative of the President of Russia Dmitry Peskov commented on the statement of the US Trade Representative Catherine Tai that Russia allegedly violates the WTO rules by its actions on import substitution and expansion of state control.

“As for the WTO, we do not agree with this point of view. Russia does not violate anything in this area, "Peskov stressed in response to a request to comment on this statement.

In an annual report on the relationship between Moscow and the WTO, the office of the American trade representative accused the Russian authorities of expanding and deepening state control over the country's economy. Washington plans to work on retaliatory measures against Moscow through the World Trade Organization. The Office of the US Trade Representative also said that the US authorities are ready to take steps to ensure that Russian markets remain open to US exports.

From 2012 to 2016, Russian exports to the United States almost halved - from $ 29.5 billion to $ 14.5 billion.After that, there was a stable growth - from 2016 to 2019, an indicator of $ 22.3 billion was reached.Finally, in 2020 In 2018, the export of Russian goods to the States fell to $ 16.9 billion.In the first nine months of 2021, it grew again by 82% - to $ 22.6 billion.

At the same time, imports to Russia from the United States grew until 2013, amounting to $ 11.1 billion, and declined until 2016 ($ 5.8 billion), amounting to $ 4.9 billion in 2020.In the first nine months of 2021, imports amounted to $ 4.8 billion

Foreign Ministry spokeswoman Maria Zakharova, in response to Taiza's words, stated that the United States itself violates the rules of the World Trade Organization (WTO), since import substitution was a response to the unilateral EU sanctions, which they adopted under pressure from the United States.

The Kremlin responded to the US accusations of violations of the WTO rules