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World — Trade — Newsletter — Sanctions — Ukraine — Russia

Russia Lashes Out at the WTO for ‘Illegal’ Trade Curbs

Russia’s ambassador to the WTO is accusing Europe, the US and others of blatantly disregarding international trade rules in response to its invasion of Ukraine.

1 min read
  • Russia’s ambassador to the World Trade Organization is accusing Europe, the US and others of “blatantly” disregarding international trade rules.
  • The countries cited Russia’s invasion of Ukraine as justification for their decision to stop treating Russia as a most-favored-nation under WTO rules.
  • Information collected by the Geneva-based Trade Data Monitor indicates that some sanctioned goods — particularly advanced semiconductors — are being diverted to Russia through third countries.
  • In 2022, Russia’s gross domestic product contracted by somewhere between 2.2% and 3.9% and may keep shrinking this year.
  • Russia Is Cutting Currency Sales With Steady Energy Revenues.
Russia Lashes Out at the WTO for ‘Illegal’ Trade Curbs
Russia’s ambassador to the World Trade Organization is accusing Europe, the US and others of “blatantly” disregarding international trade rules.
BloombergBryce Baschuk

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