US envoy to UN pays tribute to Churkin’s ‘great skill’ in advocating Russia's positionWorld February 20, 23:29
Energy minister says Russia outpaces its February schedule of oil production cutBusiness & Economy February 20, 23:02
Russian UN envoy Vitaly Churkin’s death is big loss for Russia, premier saysRussian Politics & Diplomacy February 20, 22:52
Colleagues mourn Russia's ambassador to UN as 'diplomatic giant and wonderful character'World February 20, 21:58
Putin offers condolences over UN Ambassador Vitaly Churkin’s deathRussian Politics & Diplomacy February 20, 21:21
Russia’s Foreign Ministry lost outstanding diplomat — spokeswoman on UN envoy’s deathRussian Politics & Diplomacy February 20, 20:54
Russia's ambassador to UN Vitaly Churkin diesRussian Politics & Diplomacy February 20, 20:24
Antimonopoly service orders Apple to open official service center in Russia by May 1Business & Economy February 20, 20:18
Russian experts made no firm conclusions on resumption of flights to Egypt in near futureBusiness & Economy February 20, 20:03
St PETERSBURG, June 20 (Itar-Tass) - Director General of the World Trade Organization, Pascal Lamy, said here Thursday it would be highly advisable for Russia to set up integration with the European Union.
As he took the floor at a roundtable conference on regional economic associations that is held in the format of the St Petersburg International Economic Forum /SPIEF/, he said 80% of biggest transactions in the world economy are made outside Russia, Argentina, Africa, or the Persian Gulf countries, and hence it would be worthwhile for Russia to look at the root-causes of the situation.
Lamy surmised that the world will come to the importance of global economic integration one day or another and regional integration in this sense continues to be the main type of behavior in the framework of overwhelming globalization.
If the hypothesis is true then the only possible option for Russia is to join in without holding negotiations, he said, adding that Moscow may face additional knotty problems if a fragmented regulatory system emerges.
Russia will have to get a role in this play for itself somehow and the most obvious outcome in the current situation is to give a new lease of life to a system of integration between Russia and the EU, he said.
Lamy said he is not sure whether or not Moscow will eventually created an integration system of the kind with China but anyway moving along this direction seems to be a strategic choice for the Russians, he said.