Economic minister says exit from WTO negative for Russia
MOSCOW, Sep 6 (PRIME) -- The exit from the World Trade Organization (WTO) would be only harmful to Russia as it can lose its trade channels, Economic Development Minister Maxim Oreshkin said on Thursday.
УShould Russia leave the WTO? We can only get a negative result from the exit. Russia is an EAEU member, and Kazakhstan is a WTO member. If we leave the WTO, all goods will go through Kazakhstan, and we will get nothingЕ we will lose normal trade channels, lose our export markets,Ф he said.
УIf we need to revise the trade policy, we should revise it drastically including relations with our neighbors.Ф
Oreshkin also said that U.S. President Donald TrumpТs claims about a possible exit from the WTO are Уpart of a big discussion.Ф
The Eurasian Economic Union (EAEU) comprises Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan.