EUROPEAN UTILITIES TO HAVE EASIER ACCESS TO RUSSIAN MARKETS AFTER WTO ACCESSION
November 1st, 2011
BY KEITH NUTHALL
THE ACCESSION of Russia to the World Trade Organisation (WTO) has been sealed in Geneva, and this should help European utilities trade and invest in Russia. While the existing gas supply agreements between Russia and European Union (EU) member states will largely remain unchanged, crucially under the agreement, "price control measures [including for energy] would not be used for purposes of protecting domestic products, or services provided," said a WTO note. Moscow will also henceforth have to abide by global rules on investment and ...
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