Russia says U.S. sanctions break WTO rules, may trigger trade conflict

• Russia's ambassador has declared that the July 16 U.S. sanctions imposed on Rosneft (OTCPK:RNFTF), Novatek (OTC:NOVKY) and Gazprombank (OTCPK:OGZPY) violate World Trade Organization rules and may force Moscow into a destabilizing trade dispute.
• The accusation comes after the U.S. condemned Russia for firing artillery across the border into Ukraine.
• A European sanctions proposal against Russia is still being drafted following yesterday's EU summit.
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