News
18.11.2009
EU-Russia Trade Barriers Worry Business Leaders, FT Reports
Economic relations between Russia and Europe may be damaged by trade barriers set up in response to the global crisis, according to executives in the Industrialists Round Table, an EU-Russia business group, the Financial Times reported, citing an interview with Nils Andersen, the group’s chairman.
The risks are increased by the customs union between Russia, Belarus and Kazakhstan, due to take effect on Jan. 1, the newspaper said.
At a meeting in Stockholm today with European leaders and Russia’s President Dmitry Medvedev, the group will call for a fresh effort to achieve Russian membership of the World Trade Organization and a new trade agreement between Russia and the EU, the FT said.
Bloomberg
