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February 8, 2013
Wednesday, April 18, 2012

Spain wants EU complaint with WTO on Argentina

Spain will ask the European Union to file a complaint with the World Trade Organization against Argentina for seizing control of energy company YPF, which is majority owned by Repsol, a high-ranking government source said today.

Madrid has threatened economic and diplomatic "consequences" for President Cristina Fernandez de Kirchner's decision to nationalise 51 percent of YPF owned by Spanish oil major Repsol.

EU foreign ministers will debate how to deal with the Spanish-Argentine row at a meeting next Monday. 

Spain will also decide its own measures against Argentina at a cabinet meeting on Friday, the source said, while the European Parliament will discuss the dispute between Spain and Argentina today.

 

 

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Tags:  Argentina  WTO  Spain  YPF  expropriation  


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