On Monday 19 May, Russia called for consultations to be opened at the World Trade Organization (WTO) with the European Union on the Carbon Border Adjustment Mechanism (CBAM). This is the first stage in a WTO dispute. It is also the first time the CBAM has been attacked at the WTO, while many third countries have repeatedly pointed the finger at it in Geneva (see EUROPE B13486A9).
Russia believes that with this carbon tax system on cement, fertiliser, iron, steel, aluminium, electricity and...