Putin: "Western Sanctions on Russia Violate WTO Rules"

Russian President Vladimir Putin [Photo by Reuters Yonhap News]

[Asia Economy Reporter Park Byung-hee] Russian President Vladimir Putin has instructed to revise Russia's WTO strategy by June 1, stating that Western sanctions on Russian companies violate World Trade Organization (WTO) regulations, according to major foreign media reports on the 20th (local time).

At a government meeting with the metal industry on the same day, President Putin said that the West is sanctioning Russia to prevent it from purchasing parts necessary for producing rolled metal, steel plates, and other products. President Putin emphasized, "Such measures are contrary to WTO regulations that the West has repeatedly pledged to continuously comply with."

On the same day, the Kremlin stated that Russian metal-related companies are facing difficulties due to hostile attitudes from countries unfriendly to Russia and announced plans to prepare countermeasures.

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