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Russia Not Planning to Leave WTO, Planning to Use Its Instruments - Lavrov

Posted September 01, 2014

Under Economic Issues, International Trade Issues

(RIA Novosti)

Russia is not planning on leaving the World Trade Organization, but instead will use the organization’s instruments to protect the country’s interests, Russian Foreign Minister Sergei Lavrov said Monday.

“In regard to reciprocal measures, in case there is a new wave of anti-Russian sanctions, I won’t even begin to argue or fantasize because everything needs to be taken into account. And once we understand what our American and European colleagues will honor us with this time, and only then [we] will make a decision on how we should respond,” Lavrov said.

“We will continue as always to base this on our own interests: protect our economy, protect our social sphere, protect our citizens, business and at the same time make a conclusion from the actions of our partners on their adequacy, their ability to negotiate and their reliability,” he said. Read more here.