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Western politicians who have imposed sanctions on RUSSIA have "thrown away" the principles of the World Trade Organization, President Vladimir Putin said at a meeting on the development of the metallurgical complex. The broadcast was hosted by RBC.
Putin recalled that Western countries have imposed restrictions on the work of Russian metallurgists in foreign markets and a ban on the purchase of certain components for the production of fittings, rolled metal and steel sheets in Russia. According to him, these measures were taken "for the sake of political interests, moreover, current, opportunistic and not reflecting the realities either in world politics or in the world economy." Thus, when imposing sanctions in the West, "even the obvious consequences" were not taken into account, such as the growth in the cost of building materials on the world market and "spurring global inflation in general," the president noted.
The same situation is developing in the energy sector, he continued. “Declining well-being, the quality of life of ordinary citizens, primarily in Europe, [Western] politicians are not interested. Not to mention such things as adherence to the principles of the World Trade Organization - they are simply thrown into the trash, ”Putin said.
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According to him, a number of Western partners "don't even want to remember these principles, because it's just embarrassing to talk about it." As for the sanctions on the work of Russian metallurgists, they are "a frank manifestation of unfair competition," the president said. He believes that with the help of such measures, Western countries are trying to "keep Russian business as one of the leaders in the world metallurgy and redistribute the markets in their favor."
The fact that sanctions against Russian steelmakers do not comply with WTO standards, Putin said back in April. Against the backdrop of restrictive measures, the president instructed the government to prepare an updated strategy for Russia's actions in the World Trade Organization.
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