Political and Legal Effect of the WTO to the Russian Economic

Abstract

Abstract: this report analyzes some consequences of Russian Federation membership in the WTO. We conduct characteristic of interaction with existing WTO principles of national interests of Russia. It carried out the investigation of current state subsidy mechanisms aimed at development and support of domestic trade and industry. We consider the refinancing rate of the Central Bank of the European Union and the Central Bank of the Russian Federation in order to identify the optimal conditions for the implementation of domestic and international trade. In addition, we examine the necessity of using a special internal policy, which focused on the protection of domestic producers. Allegedly, we decide the idea that Russia's membership in WTO has health benefits for the industry and the state's economy. In addition, this report provides a rationale for the improving of training of civil servants, as the representatives of the national interests.