Russia raises duties on US imports
Russian President Vladimir Putin is due to meet US President Donald Trump in Helsinki, Finland on July 16 but most of the talks will focus on the Syrian conflict [PPIO]
A week after resorting to the World Trade Organization in its complaint against US tariffs on Russian steel and aluminum, Moscow has raised its duties from 25 to 40 per cent on some US imports.
According to the Russian news agency TASS, Economic Development Minister Maksim Oreshkin said the rise was to compensate for more than $500 million loss in exports expected due to the US tariffs.
