Russia appeals to WTO over EU duties

Russia appeals to WTO over EU duties

Russia appealed to the World Trade Organization to settle a dispute with the European Union over anti-dumping duties imposed on its steelmakers, the Russian Ministry of Economic Development said.

"The reason for the suit was multiple violations of WTO rules committed by the European Commission during its anti-dumping investigation," Reuters cited the ministry as saying.

Russia's NLMK and Severstal, two of the country's largest steelmakers, lodged formal complaints against the European Commission in June, alleging bullying by its officials during their investigation.

NLMK said the investigation was conducted "in flagrant violation of all possible norms and standards."

"The decision to impose anti-dumping duties is absurd and NLMK Group continues to deny accusations of dumping on the EU market," the company said in a statement.

The EU anti-dumping duties amount to 18.7 percent for the MMK group, 34 percent for Severstal PJSC and 36.1 percent for the the Novolipetsk Steel company.

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