08:22 GMT +322 July 2019
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    Duma Ratifies Russia’s WTO Accession Protocol

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    The State Duma, the lower house of Russian parliament, voted on Tuesday to ratify a protocol on Russia’s accession to the World Trade Organization (WTO).

    The State Duma, the lower house of Russian parliament, voted on Tuesday to ratify a protocol on Russia’s accession to the World Trade Organization (WTO).

    The protocol was supported by MPs of the ruling United Russia party, while the opposition voted against the document.

    Russia signed a protocol on accession to the world trade club on December 16, 2011 after 18 years of talks and had to complete the ratification process by July 23 to avoid the need to renegotiate the entire agreement.

    The Russian opposition has claimed on many occasions that Russia’s accession to the WTO was detrimental to Russia’s national sovereignty and security and could ruin whole sectors of the domestic economy.

    “Our country is totally unprepared for WTO entry and is doing so on unfavorable terms," Communist leader Zyuganov wrote in mid-June in an official letter to the government urging rejection of the protocol.

    Russia’s Constitutional Court on Monday ruled legitimate the country’s WTO accession protocol following a challenge by the opposition.

     

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