Home Organization Russia to update strategy at World Trade Organization despite sanctions, Putin says

Russia to update strategy at World Trade Organization despite sanctions, Putin says

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Russian President Vladimir Putin chairs the meeting of the supervisory board of the presidential forum ‘Russia – Land of Opportunities’ at the Kremlin in Moscow, Russia April 20, 2022. Sputnik/Mikhail Tereshchenko/Pool via REUTERS

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April 20 (Reuters) – Russian President Vladimir Putin said on Wednesday that “illegal” restrictions imposed on Russian businesses by Western states violated World Trade Organization rules and called on his government to update Russia’s WTO strategy by June 1.

Speaking at a government meeting on the country’s metallurgical industry, Putin said Western countries had banned Russia from buying components needed to produce rolled metal, steel plate and iron. others products.

“These measures (sanctions) go against the principles of the WTO, to which our European colleagues have repeatedly reiterated their adherence,” Putin said.

Earlier Wednesday, Kremlin spokesman Dmitry Peskov said Russian metallurgical companies were facing “hostile attitudes” from what Moscow calls hostile countries, and that Russia would come up with a plan to fight back. against that.

The Russian economy has been battered by Western sanctions aimed at forcing Moscow to withdraw the troops it sent to Ukraine on February 24.

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Reuters reporting; edited by Jonathan Oatis

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