Fongming Cable:Russia may withdraw from the WTO

Views: 0     Author: Site Editor     Publish Time: 2022-03-22      Origin: Site

According to RIA Novosti, on March 21, local time, members of the Russian political party Just Russia submitted a draft law on Russia’s withdrawal from the World Trade Organization to the Russian State Duma (the lower house of the Russian Federal Assembly).

"Russia Today" quoted RIA Novosti as saying that in order to protect the national interests of the Russian Federation and implement a protectionist policy, the draft law proposes to repeal the "Regulation of the Russian Federation's Accession to the Magistrate for the Establishment of the World Trade Organization" signed in Geneva on December 16, 2011. The Protocol to the Larakesh Accord>, and the federal law repealing the Protocol on the ratification of the Russian Federation's accession to the Marrakesh Accord establishing the World Trade Organization, which entered into force on July 21, 2012, as a countermeasure to the United States and the West   sanctions response.

Russian developers seek Chinese housing construction materials supply

According to the press office of FSK, one of Russia's largest real estate development companies, the company is negotiating with Turkish and Chinese companies on the supply of housing construction materials.

The company's sources pointed out that domestic materials account for 80% of the commercial residences it builds and 90% of the economical residences. At the same time, the company encountered an insufficient supply of engineering equipment and business-type residential finishing materials, which were previously imported from France, Germany, Italy, Belgium and the Czech Republic.

"The cooperation with Turkey and China will allow us to maintain the previous high quality and work schedule, as Turkey and China concentrate the production of the world's leading brands. However, logistics costs and delivery times will increase," FSK said in the message. "

In addition, the source added that the company also continues to cooperate with foreign partners that localize production in Russia.

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