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EU has contacted World Trade Organization to collect 290 billion euros from Russia. The EU sees this money as compensation for an import substitution policy.
The EU states that Russia has “discriminated” against European goods for this amount. We are talking about national quotas for public procurement and the need to obtain prior permission from Russian companies that intend to buy goods abroad.
The EU considers that such conditions prevent fair competition and put foreign companies at a less favorable position.
It should be noted that this dispute will become one of the largest in terms of price in the WTO. Russian President Vladimir Putin has previously announced the successful completion of almost all import replacement tasks. He identified innovation as the most important area of this effort.