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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |