Bilateral talks between the United States and Russia towards Russian accession to the World Trade Organization continue in Moscow. Russia's Finance Minister said a breakthrough was achieved in the area of financial services.
Aleksey Kudrin added
Russia would now allow foreign insurance companies to open direct offices in
Russia. The
U.S. has also compromised – it dropped a demand for foreign banks to be allowed to open direct branches in
Russia. These talks with the
U.S. are
Russia's last remaining hurdle to WTO accession, but Reuters reported that the
U.S. side said no deal had been finalized. Agreements have not yet been reached on access to
Russia's agricultural markets, and on intellectual property issues.
You can share this story on social media:
Follow RT on