Russia to withdraw from World Trade Organization and the World Health Organization

According to Pyotr Tolstoy, the parliament's deputy speaker of Russia's lower house, the State Duma, is planning to consider the country's possible exit from the World Trade Organization (WTO) and the World Health Organization (WHO).Russia has already withdrawn its membership in the Council of Europe, according to the vice speaker, and will soon leave the WTO and WHO.Tolstoy said on Tuesday.

 

“The Ministry of Foreign Affairs sent a list of such agreements to the State Duma, and together with the Federation Council [upper house of parliament] we are planning to evaluate them and then propose to withdraw from them,” 

“Russia withdrew from the Council of Europe, now the next step is to withdraw from the WTO and the WHO, which have neglected all obligations in relation to our country,” he said.

 

 

Tolstoy also said that the administration plans to review Russia's foreign responsibilities and treaties, which now provide no advantage to the country but actually harm it. Russian President Vladimir Putin stated in April that Western governments' "illegal" restrictions on Russian enterprises violate WTO regulations, and that the government should revise Russia's approach in the organization by June 1.

The decision came as a result of broad Western sanctions placed on Moscow in response to its military campaign in Ukraine, which began in late February. Since then, Russia has been subjected to over 10,000 targeted sanctions, making it the most sanctioned nation on the planet.

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James Otabor is a Freelance Writer and Social Media Expert who helps finance professionals and startups build an audience and get more paying clients online. Mr Otabor is based in Lagos State Nigeria

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