EU seeks $12bn in sanctions against U.S. over BoeingSeptember 27, 2012 - 16:33 AMT PanARMENIAN.Net - The European Union is seeking some $12 billion in sanctions against the United States as part of a long-running dispute before the World Trade Organization involving subsidies to plane makers Airbus and Boeing, The Associated Press reported. The Geneva-based trade body said Thursday, Sept 27, that the EU plans request on Oct 23 the right to impose the sanctions. On Monday, the U.S. claimed it had complied with a March WTO ruling against illegal subsidies to Boeing by stopping some payouts to the company through NASA and the Pentagon and by removing some beneficial tax and funding policies. The WTO panel has also ruled that European governments provided $18 billion in subsidies to Airbus — though not all were deemed illegal. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Putin congratulates Pashinyan’s birthday Russian President Vladimir Putin congratulated Armenian Prime Minister Nikol Pashinyan on his birthday on June 1. Opposition motorcade en route to Gyumri for large rally A motorcade of protesters headed by Archbishop Bagrat Galstanyan is heading to the city of Gyumri. Ruling MPs, Foreign Minister talk Armenia-Azerbaijan processes MOs from the ruling Civil Contract party met with the Foreign Minister Ararat Mirzoyan in the Armenian parliament. Russia: Armenia’s frozen membership weakens CSTO position in Caucasus A Russian envoy said any step that could alienate the CSTO member states from each other is “deeply wrong”. |