INSOR Russia: Institute of Contemporary Development
Updated April 18, 2019

December 20, 2011

The Institute of Contemporary Development

RUSSIA OFFICIALLY JOINS WTO, ACCESSION PROTOCOL SIGNED ON DEC 16

ПРАЙМ

Following its accession to the WTO, Russia would likely receive an additional U.S. $2 billion in annual revenue, while the economy is expected to continue to grow thanks to the country’s burgeoning middle class, Igor Yurgens, vice president of the Russian Union of Industrialists and Entrepreneurs, said in an interview with the Russia Today television channel broadcast late on December 16.

Yurgens also added that Russia’s membership could help stimulate the economy as WTO membership would act as an added guarantee for foreign investors.