Russia's Constitutional Court cleared the path Monday for lawmakers to approve membership of the WTO by ruling that joining the world free trade club was legal and in line with the country's basic law. "The protocol was signed and approved in accordance with a procedure that does not contradict the state's constitutional order," Interfax quoted the Constitutional Court judgement as saying. The ruling on a Communist Party bid to block World Trade Organisation membership enables the State Duma lower house of parliament to pick up the legislation on Tuesday after 18 years of tense negotiations. The State Duma may ratify the legislation needed for comfirming Russia's WTO membership on Tuesday or prolong debates over several days. Russia became the world's largest economy outside the trade group upon China's accession in 2001. President Vladimir Putin had in the past doubted the wisdom of joining the group. But Moscow managed to resolve all bilateral trade disputes by the end of last year and now has until July 22 to ratify the so-called accession package according to WTO rules. Russia will formally become the organisation's 156th member 30 days after notifying the body of its ratification.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:56 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 14:11 2018 Thursday ,08 November
Greek minister, Russian ambassador discuss possible investment projectsGMT 13:42 2018 Wednesday ,07 November
PM says Russian-Chinese trade turnover may reach $200 blnGMT 11:15 2018 Wednesday ,07 November
Top U.S. diplomat visits Pakistan to discuss economic cooperationGMT 13:53 2018 Thursday ,01 November
Alrosa to sell 127 large gem-quality rough diamonds at an auction in IsraelGMT 10:59 2018 Tuesday ,30 October
Trade turnover between Russia and Japan grows by over 17% in 2018Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor