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Russia, Nations Agree on Retaliation to EU Airline CO2 Trade

Source: Bloomberg

Russia is considering limits on European flights over Siberia as countries approve possible retaliatory measures against the European Union’s move to force airlines to pay for carbon emissions.

Officials from 29 nations signed a declaration in protest against the EU law, Russia’s Deputy Transportation Minister Valery Okulov said today in Moscow during a two-day meeting of the opponents. The countries agreed on steps they may choose to take to protest the EU measures that came into effect this year. [more]