Russia Backs Off Bid To Join WTO As Customs Union

Law360, New York (October 16, 2009, 4:53 PM EDT) -- Russia has reportedly backed away from joining the World Trade Organization as a customs union, but still plans to work closely with two former Soviet republics in its continuing negotiations for WTO membership.

Four months after Russian Prime Minister Vladimir Putin threw a wrench into Russia's WTO negotiations by announcing that it would seek to join as a single customs union with the republics of Kazakhstan and Belarus, Russia is going back on that bid, Reuters reported Thursday.

Russia's chief trade negotiator Maxim Medvedkov announced in...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.