All Sberbank offices in Ukraine resume operationsBusiness & Economy March 29, 14:34
Police conduct search at Moscow scientology center — sourceWorld March 29, 14:28
French MP says West should respect Crimean people’s choiceWorld March 29, 14:12
Russian-US relations at record-low — top lawmakerRussian Politics & Diplomacy March 29, 14:09
Tehran, Moscow enter new stage of cooperation — RouhaniWorld March 29, 14:06
Senator highlights Russian-Iranian ‘combat brotherhood’ in Syria backed at highest levelRussian Politics & Diplomacy March 29, 13:49
Palestine names conditions for peace treaty with Israel — AbbasWorld March 29, 13:45
Ukraine to continue upholding its position on Russia’s $3bln debt lawsuit in London courtBusiness & Economy March 29, 13:35
Church spokesman slams St. Isaac’s handover referendum bid as ‘counter-productive’Society & Culture March 29, 13:29
ST. PETERSBURG, November 7. /TASS/. Russian Prime Minister Dmitry Medvedev fears the collapse of the WTO, which will cause problems to the global economy,
When talking to reporters after the meeting with his Chinese counterpart Li Keqiang, Medvedev recalled the difficulties with Russia's accession to the WTO.
"There were a lot of concerns, they kept us in the waiting room for a long time, neither Russia nor China were allowed to join (the WTO), there were fears that there would be some problems within the countries, in certain sectors," Medvedev said.
He also stated that Russia was trying to "bargain for more decent terms, as all modern states do."
However, he said, "if earlier there were concerns about the WTO impact on the state of affairs in our economy, now we have fears of another kind: that this very WTO may collapse causing problems to international trade relations," the Prime Minister said.
"That is why we are watching attentively what is going on the terms of integration in other countries and regions," he said.
As an example he mentioned the formation of new trade sites in the West and in the East
"This (formation of such trade sites - TASS) significantly runs counter to the provisions that are in the core of the World Trade Organization (WTO), although it is a sovereign will of those countries that form such sites," Medvedev said.
"We are concerned with the processes that are taking place in the international trade, there is a certain degree of fragmentation. If we agree on the further integration of our economies, on connection new projects, we also have to think about how it will affect the situation in the world in general," the Russian Prime Minister said.