Another Europe News
WTO membership: good or bad for Russia?
http://www.euronews.com/ Russia’s 19-year wait to become a member of the World Trade Organisation is finally over.
Some economists and politicians believe the country could be transformed with the economy boosted by foreign investment.
However many smaller entrepreneurs fear an end to import tariffs will mean their customers will switch to more attractive foreign products.
Dmitry Sredin, a senior executive with Russia’s biggest bank Sberbank is optimistic. He said: “Russia’s accession to the WTO is definitely a positive signal for all Western investors, a positive signal for all companies that work in the Russian economy. We expect mid- to long-term economic growth from this.”
The theory is the protocol signed last December and now in effect will make Russian companies more efficient and productive.
But even the head of the WTO, Pascal Lamy, admitted there will have to be changes: “Today, Russia joins the World Trade system with an export structure, which is still heavily concentrated on fuels and minerals, that represent more than two-thirds of Russian exports. This should be an important contribution to the future diversification of Russian exports.”
With its exports dominated by oil and gas, which are not subject to tariff barriers, Russia can’t expect the kind of boost that China enjoyed from WTO membership.
Moscow’s timing is also not good with much of the developed world in recession.
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Polish President Karol Nawrocki vetoes civil partnerships bill
The president’s veto can be overridden, but it would take a three-fifths majority vote in the lower house of parliament, a rarity in Poland.
READ MORE : http://www.euronews.com/2026/07/17/polish-president-karol-nawrocki-vetoes-civil-partnerships-bill
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Viral posts falsely claim that the European Parliament called for an investigation into FIFA’s President Gianni Infantino.
#TheCube sets the story straight.
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@nath-wp7xp
April 2, 2024 at 3:09 pm
Good news here. Russia looking on the up!
@omnadrener1
April 2, 2024 at 3:09 pm
Putin why as American would u do this makes u a slave to foreigners
@knoose
April 2, 2024 at 3:09 pm
I got 1 year probation for that an 400 fine…
@knoose
April 2, 2024 at 3:09 pm
lol…yes, 2 days for trespassing.
Not 3 to 8 years. Pathetic.
@knoose
April 2, 2024 at 3:09 pm
lol…really?
If the same thing happened in America…they would go to jail for 2 days for trespassing….basic law…not opinion and emotion based like in Russia.
@knoose
April 2, 2024 at 3:09 pm
Move away then…lol.
Clearly you dont understand the basics of the USA and it having some of the lowest taxes of any developed country.
"a slave"…lol…sadly pathetic.
What is there to "love" about russia??? The economy? the dictatorship?
You dont go to prison for dancing on a church stage here…lol
@knoose
April 2, 2024 at 3:09 pm
lol………..
@oelergodt
April 2, 2024 at 3:09 pm
Tear down that trading wall Mr. Putin!
@21boxhead
April 2, 2024 at 3:09 pm
what is Putin doing? he should cancel membership