Experts call to take advantage of Russia's accession to WTO


Moscow, October 29, 2012 - Legal protection of Russian producers within WTO and the impact of the political situation on Russia’s obligations to WTO were the main themes of the international conference ‘Russia in the World Trade Organization: New Instruments to Protect Business’ held by ICC Russia and JSC ‘World Trade Centre’.

Representatives of the State Duma of the Russian Federation, Chairman of the Committee on Agriculture Nikolai Pankov and Deputy Chairman of the Committee on Economic Policy, Entrepreneurship and Innovation Development Anatoly Karpov, as well as the head of WTO Trade Negotiations Department of the Ministry of Economic Development of the Russian Federation Mikhail Cherekaev discussed Russia's accession to WTO, anticipated consequences and steps Russian manufacturers are going to make. Representatives of the legal and business communities of Russia, Ukraine, United States and Switzerland also contributed to the debate.

Managing partner of law firm ‘Muranov, Chernyakov and Partners’ Alexander Muranov spoke about Russia's commitments to WTO in the services noting that over 50% of the commitments relate to transport, insurance, banking and other financial services, telecommunications and distribution. He also spoke about the most important commitments in terms of their potential impact on the various markets in Russia and demonstrated the lack of consideration of the legal and economic preconditions for Russia's commitments to the WTO. Senior lawyer of ‘Muranov, Chernyakov and Partners’ Lyudmila Baleevskih described Russia’s obligations to WTO related to insurance. In particular, she noted the possibility of opening branches of foreign insurance companies in nine years after Russia's accession to WTO.

Partner of the law firm Dmitry Chernyy discussed new legal framework in the light of Russia's membership in the Customs Union, WTO and EurAsEC as well as legal instruments for protection of Russian manufacturers in these organizations.

Participation in the conference is in line with the activities of law firm ‘Muranov, Chernyakov and Partners’. In spring 2012, after a comprehensive legal analysis a new project was launched to explore Russia's WTO commitments. In June 2012, the law firm represented 131 deputies to the State Duma in the Constitutional Court on the constitutionality of the process of ratification of the agreement on Russia's accession to the WTO and advised international and Russian oil companies, companies in the banking sector, alcohol and food industry.

For the additional information and with requests for comments please contact:

Muranov, Chernyakov and Partners
Daniya Zaynullina