As announced by FinMin Alexei Kudrin, Russia and USA successfully agreed on all the issues regarding Russia's accession to World Trade Organisation. Kudrin stressed that the initial goal of closing the issue by the end of September 2010 that what set by the presidents of US and Russia was thus reached. Currently a special working group is continuing to work on the accession in Gen'sve, he added. Kudrin estimated that the procedure of Russia's accession to the organisation is going to start in 3-4 months, while it may take up to a year until the final WTO membership. To remind, Russia remains the only major economy in the world without a WTO membership, which is negotiated for 15 years already. The toughest negotiations were held with EU, China and USA (with the latter for the past six years). |
As Cyprus is trying to come up with new ways to raise EUR 5.8bn needed to secure the financing from ECB, EC, and IMF, Russia's participation in the package is not clear. According to the latest ... more
Fitch Ratings believes that resolution of the Cyprus crisis with a deposit levy or some other form of burden sharing involving creditors is unlikely to result in material losses for Russian ... more
Russia and China discuss contracts that would triple exports of Siberian oil through various transport corridors, Reuters reports citing unnamed sources in the industry. Rosneft is discussing ... more