Russia's WTO accession

Russia's WTO accession, completed in 2012, meant it officially joined the World Trade Organization, a global group that sets rules for international trade. This allowed Russia to participate fully in world markets, reducing tariffs and trade barriers, encouraging foreign investment, and increasing exports. It also committed Russia to follow agreed-upon trade rules, promoting transparency and predictability. While it opened new opportunities, it also required Russia to adjust its trade policies and standards to align with international practices, balancing economic growth with responsibilities to avoid unfair trade behaviors.