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Sberbank's Chairman of the Board German Gref  (RIA Novosti/Ruslan Krivobok) 25.05.2012 17:33 8 comments

‘Russia’s been 10 years late to WTO’

With less than three weeks left until June 15 – the deadline before which the Russian parliament will have to ratify the deal on the country’s WTO membership, the CEO of Russia’s number one bank says Moscow should have joined the organization long ago.

Eurozone crisis
 
Federation Council 04.04.2012 18:02 2 comments

Russian Upper House urges quick response to Jackson-Vanik

Russia’s Federation Council has suggested the government considers retaliatory economic measures if the US drags out the cancellation of the Jackson-Vanik amendment or leaves it in force.

Reuters / Kevin Lamarque 21.03.2012 17:12

GE plans sales push when Jackson-Vanik repealed

General Electric plans to boom its sales to Russia when the Cold War-era Jackson-Vanik Amendment is repealed. The law still stops American companies dealing with former Soviet states.

 
Russian Finance Minister Anton Siluanov talks to RT (RIA Novosti / Sergey Guneev) 20.02.2012 14:45 1 comment

Beware of exhausting financial diet

Both Europe and the USA need to be careful with cutting their budget spending, as excessive tightening could hurt not only their domestic demand, but also make a global hit.

Reuters / Valentin Flauraud 09.02.2012 20:42

WTO anti-dumping ruling could help Russian miners

Anti-dumping measures introduced by the United States against European exporters are to be abolished. The United States had added an extra 3.33% duty on goods from the EU which was against WTO rules.

 
Scottish whisky has been raising more and more spirits in Russia 24.01.2012 20:06 3 comments

Whisky vs Vodka: Scottish drink grabs bigger portion of Russian market

Russians are known for their love of vodka, but it’s Scottish whisky that’s raising more and more spirits in the country. Imports are expected to grow as the country enters WTO and companies are rushing to sign deals with producers.

Foreign banks will be given equal rights as local Russian banks 20.01.2012 16:15 3 comments

Less red-tape for foreign banks in Russia

Foreign banks, opening subsidiaries in Russia, will be given equal rights as local banks as Moscow starts amending legislation to match WTO rules.

 
Reuters / Denis Balibouse 18.01.2012 17:01 7 comments

US Cold War law blocks Russia’s full compliance to WTO rules

Russia says it won’t fully implement WTO commitments towards the US, until Washington abolishes cold war legislation over trade.

Ministry of Economic Development of the Russian Federation Elvira Nabiullina (L) and WTO Director-General Pascal Lamy (R) hold the protocol documents in front of (L to R) Nigerian ambassador Frederick Agah, First Deputy Prime Minister Igor Shuvalov and Chairman of the eighth World Trade Organization ministerial conference Nigerian Trade Minister Olusegun Aganga during a signing ceremony on Russia accession to the World Trade Organization on December 16, 2011 in Geneva (AFP Photo / Fabrice Coffrini) 03.01.2012 18:10

What's in it for me? Russians & WTO

While Russian authorities celebrate final joining WTO after 18 years of negotiations and local industries calculate the probable losses and benefits, Russian consumers wonder could they win or loose with the World Trade Organization?

 
Photo from http://www.novopol.ru/ 18.12.2011 22:06 24 comments

Russia’s accession to WTO – ‘a fair deal’?

WTO membership will seriously hit a number of uncompetitive industries in Russia, such as agriculture and automobiles, as well as light industry and machine manufacturing. But EU trade commissioner, Karel de Gucht, has told RT it was a fair deal.

Russia and WTO
Ministry of Economic Development of the Russian Federation Elvira Nabiullina (3rd L) and WTO Director-General Pascal Lamy (AFP Photo / FABRICE COFFRINI) 16.12.2011 22:30

Love affair with WTO: RT examines immediate results

Russia’s marriage into the WTO family is sure to bring benefits to those in power. But is there any love in this union? And what’s more important, will those who are in love win from it?

 
Delegates attend the opening of a World Trade Organization ministerial conference delayed due to technical problems, on December 15, 2011 in Geneva (AFP Photo / FABRICE COFFRINI) 16.12.2011 18:54 2 comments

WTO officially welcomes Russia to the club

The WTO has officially welcomed Russia as its newest member at a ceremony in Geneva. Ratification scheduled for next summer will put the final dot in the long running story.

Dr. Frank Schauff, head of Association of European Businesses in Russia, says the WTO accession will boost Russia's investment attractiveness 16.12.2011 16:05

Association of European Businesses: WTO accession will bring more investment to Russia

Joining the WTO will improve one of the worst areas in the Russian economy – the poor investment climate, says Dr. Frank Schauff, head of AEB in Russia. In an interview to RT Schauff explains how the business environment will change.

 
Delegates interact before the opening session of the 8th World Trade Organization Ministerial Conference in Geneva December 15, 2011 (Reuters / Denis Balibouse) 16.12.2011 13:00

Consumer friendly WTO

“Creative destruction” – that’s the basic economic effect Russia’s WTO accession will produce, says Jacob Nell from Morgan Stanley, Russia. Inefficient players will either make or break, while the consumer will gain whichever way, Nell concludes.

Delegates attend the opening of a World Trade Organization ministerial conference delayed due to technical problems, on December 15, 2011 in Geneva (AFP Photo / Fabrice Coffrini) 16.12.2011 12:11 12 comments

Hello, WTO!

With a stroke of a pen on Friday evening Russia joined the World Trade Organisation, something that’s been a long time coming.

 
Delegates arrive at the 8th World Trade Organization Ministerial Conference in Geneva December 15, 2011 (Reuters / Denis Balibouse) 16.12.2011 10:11 20 comments

WTO = Waiting Time Over for Russia

Russia has been officially welcomed to the World Trade Organization, after nearly two decades of talks. The long-anticipated accession will be a boon for some industries, but is likely to hit tough on others, so Russians greet it with mixed feelings.

Russian stock markets might be affected by the election results 12.12.2011 12:58 1 comment

Back to the black, with the red on the horizon

Russian stock market changed colour at the start of this week, leaving the red territory it entered after Friday’s EU summit. Analysts, however, warn political uncertainty in the country could change investor sentiment in the coming days.

 
Perekriostok own brand products 06.12.2011 18:10

Own Brand on the Rise

Food retailers could boost share of their own-branded products in the future to avoid price speculation and shortages.

Igor Komarov, Avtovaz President, tells Business RT about the Company´s ambitious plans 01.12.2011 15:17

Avtovaz in top gear

“Russia is going to be the biggest car market in Europe,” trumpets Igor Komarov, Avtovaz President in an interview to RT. Such optimism comes despite fears Russian car producers will be hit hard once the country joins the WTO.

 
RIA Novosti / Sergey Pyatakov 22.11.2011 13:53

S.Ossetia accuses Tbilisi of ‘ignorance’ over trade deal

South Ossetia has described as “ignorant’” a statement from Tbilisi that Russia’s trade agreements with it and Abkhazia would become invalid after Moscow signed a deal with Georgia on joining the World Trade Organization.