RUSSIAN BANKERS ASKED TO FORMULATE CLAIMS IN REGARD TO BANKING REGULATION ON FOREIGN MARKETS

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MOSCOW, March 4 (RIA Novosti) - The Russian banking community must formulate its claims in regard to banking regulation on foreign markets, Elena Danilova, Russian deputy Economic Development and Trade Minister said when speaking at the Banking Summit in Moscow.

In her opinion, in view of Russia's joining the World Trade Organization, the country should not only know its commitments but also formulate its interests.

"We are aware of our commitments when entering the WTO. But we should formulate our interest on foreign markets. What we want to get," Ms. Danilova said.

In her words, the banking community should clarify what obstacles Russian banks are faced with on foreign markets. "We used to be defenders, now we are becoming forwards," Ms. Danilova said.

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