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Russia rejects 1.4 billion euro EU sanctions claim in WTO dispute

Reuters  |  MOSCOW 

(Reuters) - said on Monday it would contest efforts by the to impose 1.39 billion euros ($1.67 billion) in trade sanctions over a dispute.

The said in December it was seeking authorisation to impose the annual trade sanctions, alleging had failed to comply with a ruling on pigs and pork.

The Russian Ministry said on Monday those accusations were unfounded.

The ministry said in an emailed statement that "representatives of the voiced their categorical disagreement with the position" at a meeting of the WTO's dispute settlement body on Jan. 3.

lost its appeal against the ruling on its ban on imports of pigs and in February.

It had agreed to comply by Dec. 6.

imposed a ban on most Western in August 2014 in retaliation against Western sanctions over its actions in It imposed the pig and pork ban after a few cases of African swine fever in some parts of the that year.

($1 = 0.8342 euros)

(Reporting by Jack Stubbs; Editing by Edmund Blair)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 08 2018. 15:42 IST