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Medvedev Speaks Out Against U.S. Sanctions at St. Petersburg Forum

Published: June 21, 2014 (Issue # 1816)



  • Dmitry Medvedev speaking Friday at the fourth St. Petersburg International Legal Forum.
    Photo: Government.ru

Russia is taking its complaints against the sanctions-happy U.S. to the World Trade Organization, having sent the international body a communique that accuses Washington of failing to fulfill its trade obligations, Prime Minister Dmitry Medvedev said Friday at the fourth St. Petersburg International Legal Forum.

The White House's sanctions against Russia arrived in three waves in May and April following Russia's annexation of the Crimean peninsula in March. The most recent sanctions list targeted 17 companies including several banks owned by the likes of Arkady and Boris Rotenberg, Gennady Timchenko and Yury Kovalchuk, all of whom are believed to be President Vladimir Putin's personal friends. The sanctions led to the refusal of international payment systems Visa and MasterCard to service several Russian banks, in response to which Russia has taken steps to create its own national payment system in order to reduce dependence on the two companies.

In comments published on the government's website, Medvedev said that the sanctions violate WTO rules by discriminating against the suppliers and goods of another country, and that members of the organization have the right to make use of the "protection mechanisms" that it provides. However, he said that Russia's chances of winning the suit are slim due to the considerable clout he feels the U.S. wields in the organization. Russia joined the WTO in 2012.

"The question, of course, is which account of the legitimacy of the sanctions the WTO will accept, but it gives us the opportunity to evaluate the objectivity and impartiality of the organization," Medvedev added.

The possibility of Russia contesting the sanctions has been brewing for some time as early as April, Russia's Economic Development Minister Alexei Ulyukayev said Moscow was considering filing a lawsuit with the WTO over the United States' sanctions against Russian banks. Later that month, Reuters reported that Russia had circulated a confidential document at the organization setting out its grounds for launching a trade dispute.





 

ALL ABOUT TOWN

Wednesday, Sept. 3


Although the Peter and Paul Fortress sand sculptures are more central and therefore more visible to the throngs of tourists, the 300th Anniversary Park of St. Petersburgs own collection closes today. The World Collection of Sand Sculptures that have been on display at the park reaches its final day, so fans of the classic beach activity should get there while they can.



Thursday, Sept. 4


Vladimir I. Danchenkov, Head of Baltic Customs, will be in attendance during AmChams Customs and Transportation Committee Meeting convening this afternoon at the organizations office near St. Isaacs Square at 3 p.m.



Friday, Sept. 5


Scrabble lovers and chess masters get their chance to assert their intellectual dominance at the return of the British Book Centers Board Game Evenings tonight. Held weekly on Friday nights, the event gives both board game lovers and those hoping to improve their English the chance to meet, greet and compete. Check out the centers VK page for more details.



Saturday, Sept. 6


Athletes will relish the chance to get the latest gear and try out something new at I Choose Sport, an annual event at Lenexpo forum that plans to welcome more than 30,000 people this week to the international exhibition center. Not only will visitors get to try their hand at various athletic endeavors but they will also be able to peruse equipment that can fulfill their dreams of becoming a champion.


Local KHL team SKA St. Petersburg open their season this evening at home against Lokomotiv Yarovslavl at the Ice Palace arena next to the Prospekt Bolshevikov metro station. See their website for a full schedule and available tickets.



Sunday, Sept. 7


Check out retro and antique cars at Fort Konstantin on Kronstadt Island in the Gulf of Finland at FORTuna, a yearly car festival that highlights the eccentricities of the Soviet automobile industry. A car race, contests and a stunt show will give visitors a chance to rev their engines.



Monday, Sept. 8


This evening marks the opening of the two-week ballet festival High Season at the Mikhailovsky Theater. Check the theaters website for more details about performances and featured dancers.



Tuesday, Sept. 9


Discuss the latest news and issues at the AmCham Hazardous Waste Management Roundtable this morning in the Tango Conference Hall of the Sokos Hotel Palace Bridge on Birzhevoy Pereulok. Starting at 9 a.m., planned topics include the Krasny Bor landfill and waste transportation between Russia and Finland.


Learn more about the citys modern architectural trends at the SPIBA Real Estate and Construction Committees meeting on the topic Contemporary Petersburg Style: What is It? Participants will get the chance to discuss whats in-demand with RBI Holdings Irina Petrova and Lubava Pryanikova, and the current state of the local real estate market. Please confirm your attendance by Sept. 5 through SPIBAs website if you wish to attend.



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