Russian Reality

Russia beat Ukraine dispute in the WTO on duties on fertilizers MOSCOW, July 20 — RIA Novosti. Arbitration by the world trade organization (WTO) upheld most of the requirements of Russia’s claim to Ukraine, about the customs duties on ammonium nitrate produced in Russia, the documents of the WTO. “The Tribunal has decided that the Ukrainian authorities had violated article 2.2.1.1 by denying Russia’s recognition of gas prices for Russian producers (ammonium nitrate — amended) and not providing adequate explanation for the decision”, — stated in the documents. Ukraine has made its own adjustments when calculating domestic prices for gas in Russia, says the WTO. The arbitral Tribunal also supported the prosecution of the Russian Federation that the Ukrainian authorities acted “inconsistent” to include in the main trial private company “EuroChem”, whose “the margin of dumping” was minimal. Ukraine in July 2014 more than tripled import duties on ammonium nitrate

Putin announced the imminent equation for the number of employees and pensioners without raising the retirement age Moscow. July 20. INTERFAX.RU — Russian President Vladimir Putin said that to maintain for ten years the current pension system opportunities in the country enough, but very quickly the number of employees equal to the number of unemployed. “By and large, it is possible to do nothing. For five-six-seven and even, perhaps, ten years, in principle we have enough possibilities to maintain the pension system. But what’s going on? And what will happen in the short and medium and long term?” Putin said in the course of communication with volunteers during a visit to the stadium “Kaliningrad”. Now the average lifespan, said the head of state, is 73, 5 years, next year will be — 74.3 years. “A forecast, but it is likely fairly accurate, says that by the end of this transitional

Trump is willing to impose duties on all imports from China The US President Donald trump has made it clear that, if necessary, to impose duties on all imports from China. He stated this on Friday in an interview with CNBC. Such rhetoric signifies a further escalation of the trade war between Washington and Beijing. In an interview, trump once again lamented the large deficit in trade with China and said he believes it is “very unfair.” According to official data, last year, the US imported from China goods worth $505,5 billion but exported only $129,9 billion. “I am ready to reach $500 billion,” said trump, referring to the imposition of duties on all imports from China. While the two largest economies of the world have imposed against each other 25% import duties on $34 billion each (another $16 billion will enter into force later). Since Beijing has responded to