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    RUSSIA READY TO AGREE AT WTO NEGOTIATIONS TO 25% QUOTA OF FOREIGN BANKS ON RUSSIAN MARKET

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    MOSCOW, March 4 /RIA Novosti/ - At its WTO negotiations Russia is ready to raise to 25% the quota of foreign banks on the Russian market, deputy head of the Central Bank's department Vladimir Khrebtov told a banking summit in Moscow.

    "Now we propose to raise the quota by 100%," Khrebtov said. He reminded those present that currently the quota of foreign banks on the Russian market was 12%.

    In the opinion of the Central Bank's official, foreign banks will not use in full the 25% quota for long. "Foreign investors are not confident enough in the stability and predictability of the situation in Russia," Khrebtov said.

    The next round of negotiations on Russia's accession to the World Trade Organization will take place in late March - early April, and "two or three issues linked with banks" will top its agenda," he said.

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