July 24, 2020 / 2:46 PM / 12 days ago

WTO largely upholds Russia's case against EU anti-dumping measures

FILE PHOTO: The logo of the World Trade Organization (WTO) is pictured ahead of a news conference by WTO Director-General Roberto Azevedo after a General Council meeting in Geneva, Switzerland, July 23, 2020. REUTERS/Denis Balibouse

GENEVA (Reuters) - A World Trade Organization (WTO) panel on Friday largely upheld a complaint brought by Russia against European Union anti-dumping measures, the third such ruling lost by the bloc.

The panel found that the EU “cost adjustment” methodology for calculating dumping margins in the case violates WTO anti-dumping rules, particularly regarding prices for energy inputs.

But it rejected claims that the EU’s framework anti-dumping regulation, known as “the basic regulation”, breaks WTO rules.

Both sides have 60 days to appeal the decision in the case, brought in December 2016.

Reporting by Stephanie Nebehay; Editing by Michael Shields

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