{
  "id": 10510387,
  "title": "India reserves its 'right' amid Russia-EU dispute",
  "url": "https://urgent.news/2026/09/28/india-reserves-its-right-amid-russia-eu-dispute",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-28T18:46:51.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/news/economy/foreign-trade/india-17-others-reserve-right-to-participate-in-russias-dispute-with-eu/articleshow/134548994.cms"
  },
  "original_language": "en",
  "account": "New Delhi: Amid a trade dispute between Russia and the European Union over the Carbon Border Adjustment Mechanism (CBAM), India has reserved its right to participate in the proceedings. Along with 17 other nations, including the US, UK, and China, India has asserted its ability to engage in the World Trade Organization's (WTO) dispute resolution process. The WTO Dispute Settlement Body (DSB) recently approved the establishment of a panel to investigate the issue, following Russia's request. Russia claims that the CBAM creates substantial trade barriers for goods imported into the EU, violates WTO rules, and that the EU's allocation of emission allowance allowances to certain companies constitutes an export subsidy, aimed at bolstering the competitiveness of domestic industries. In exchange for its trade agreement with the EU, India is collaborating to develop domestic capacity for CBAM verification, which includes recognizing at least ten Indian verification agencies. Six applications for this purpose have already been submitted. Additionally, India is working on its Carbon Credit Trading Scheme and engaging in discussions about carbon pricing with the EU. The CBAM went into effect on January 1.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}