The European Union (EU) is demanding compensation of €1,39 billion from Russia. This is for the boycott on pork that the country imposed on the EU in early 2014. An official claim has been made to the World Trade Organization (WTO) for this.
The import ban was adopted by the WTO earlier this week as labeled illegal† The amount the EU wants to claim is based on lost income, assuming 15% growth per year. Before the boycott, Russia was the buyer of a quarter of the total export.
Second boycott
Meanwhile, Russia has agreed to the WTO verdict and the import ban has been lifted cancelled† However, Russia continues to ban European pork. Pigs and pork are now part of a broader package of sanctions that Russia imposed on the EU.
Update Tuesday 9 January
On Monday, January 8, Russia announced that it would fight the claim. According to the Russians, the fact that African swine fever has not been eradicated in the EU has not been taken into account. Russia will not challenge the decision on veterinary grounds, but on the basis of sanctions the EU has imposed on Russia for its annexation of Crimea.
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