Bloomberg reported that OAO TMK, Russia largest producer of steel pipes for the oil and gas industry is appealing against import duties of as much as 27% levied on its shipments to the European Union.

The company said in its second quarter report in July, the European Commission prolonged the antidumping duties on Russian pipes through 2017 and TMK is preparing an appeal. Russia is set to join the World Trade Organization next week.

Source - Bloomberg

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