icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
18 Dec, 2006 17:10

WTO membership is likely to affect Russian monopolies

WTO membership is likely to affect Russian monopolies

In an interview to a Russian TV channel, Russia’s Economic Development Minister German Gref warned that monopolies may face tough competition once Russia joins the World Trade Organisation.

He said, however, that some sectors, like agriculture, will see little impact from WTO membership.

In this respect, Vladimir Yakunin, the president of the Russian Railways monopoly, assured the company would not be affected if Russia joins the WTO.

“Russian Railways will not be affected in any way by WTO membership or have any difficulties in terms of Russian markets being open to European competitors. Russia and Europe have different track gauges and that can already make transit difficult. We have joined the International Railway Union to try to find a solution and establish standard track gauges,” Vladimir Yakunin stated.