OREANDA-NEWS. November 22, 2011. The Russian Government has taken a historic step in reaching agreement with World Trade Organization (WTO) members that will lead to a vote for Russia’s accession to the WTO later this year. We believe the accession agreement will significantly open access to the Russian market for goods and services, including financial services, reported the press-centre of Citibank.

Citi was one of the first international banks to invest in Russia. Our experience has demonstrated that the Russian market's potential is immense, and Russia’s pending acceptance of the WTO rules and disciplines will be a major step in modernizing the Russian economy.

As Co-Chair of the Coalition for US-Russia Trade and a member of the US-Russia Business Council, Citi will continue to work with U.S. companies to ensure that the benefits of this historic market opening action will be fully appreciated.