The Foreign Ministry said that the issue of Russia's withdrawal from the WTO is not discussed

16.06.2022
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The Foreign Ministry said that the issue of Russia's withdrawal from the WTO is not discussed
Photo is illustrative in nature. From open sources.
14 members of the trade organization demanded the withdrawal of RUSSIA because of the situation in Ukraine. According to the deputy HEAD of the Russian Foreign Ministry, the issue of Russia's withdrawal from the WTO is not being discussed,

Russia is not going to leave the WTO on its own, and it is impossible to exclude it from this organization procedurally. This was stated by Deputy Foreign Minister of Russia Alexander Pankin, speaking at the St. Petersburg International Economic Forum (SPIEF).

"Not being discussed. We will not take these steps, because, no matter how difficult it was in the WTO, we consciously joined the organization on the basis of the benefits that we expected and received. We are not going to slam the door,” he said, answering a question from journalists about Russia’s possible withdrawal from the WTO (quoted by RIA Novosti).

At the same time, Pankin emphasized that "it is impossible to withdraw Russia from the WTO procedurally, legally."

The Foreign Ministry considered Russia's withdrawal from the WTO a "gift to enemies" Politics

Russia joined the WTO in 2012. Against the backdrop of the military operation in Ukraine in mid-March, the organization received a statement from 14 members about depriving Russia of the most favored nation treatment in trade. In response, the Russian representation at the WTO warned of the dangers to the multilateral trading system due to "aggressive and politically motivated" trade restrictions. The mission also accused Western countries of trying to undermine the Russian economy through sanctions.

On March 21, the deputies of A Just Russia - For Truth submitted a draft law on Russia's withdrawal from the WTO to the State Duma. As its authors pointed out, since 2014, due to the deterioration of relations with the European Union, the United States and other countries, Russia's advantages in the organization began to decline. “In order to protect the national interests of the Russian Federation, the need to pursue a protectionist policy, as a response to sanctions pressure and as a self-defense [the country should leave the WTO],” the deputies emphasized.

At the same time, Dmitry Birichevsky, DIRECTOR of the Department of Economic Cooperation of the Russian Foreign Ministry, emphasized that Russia's withdrawal from the World Trade Organization (WTO) would be a bad signal for the world community and a "gift to enemies." The Ministry of Economic Development called the WTO "the only platform where Russia's interests can be protected."

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