Billionaires Alexey Mordashov and Viktor Vekselberg criticized the U.S. and European Union for holding up Russia’s bid to join the World Trade Organization, hindering efforts to attract international investment, according to Bloomberg.
Russia has sought to join the WTO since June 1993 and is the largest economy outside the Geneva-based arbiter of free trade. China became a member in 2001.
“It’s time for us to join the WTO, but unfortunately there are permanently some kind of barriers, some kind of obstacles,” Mordashov, majority owner of OAO Severstal, Russia’s biggest steelmaker, said yesterday at the St. Petersburg International Economic Forum. “For the long-term development of our country, WTO entry is critically important….”
Find out more at: http://www.bloomberg.com/news/2011-06-16/russian-billionaires-criticize-wto-delays-that-crimp-investment.html
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