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Russia Agrees to Cut Farm Subsidies by 50% to Join WTO, Kommersant Reports
01/10/2010 12:00
Russia agreed to more than halve farm subsidies by 2017 as it aims to join the World Trade Organization, Kommersant reported, citing Agriculture Minister Yelena Skrynnik, speaking yesterday in Geneva.
Russia will keep the farm subsidies unchanged through 2012 at about $9 billion a year and will then cut state support to the agricultural producers to $4.4 billion by 2017, Kommersant reported citing the Minister.
Sep 28, 2010 11:19 AM GMT+0700
By Ilya Khrennikov
Source: bloomberg.com
By Ilya Khrennikov
Source: bloomberg.com
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