Washington no longer recognizes Russia with a market economy - media

This step was of great importance for the further integration of the Russian Federation into world trade. According to the United States, the Russian economy can no longer be fully considered market. The reason for this was the "broad" intervention of Russian politicians. The Ministry of Commerce notes that today the Russian Federation cannot objectively evaluate the import of its goods into the United States.

"This decision gives the United States the opportunity to apply the full force of US anti -dumping legislation to eliminate market distortions caused by increased Russian government intervention in their economy," the ministry said. The authors of the publication also emphasize that granting the Russian Federation the status of a country with a market economy contributed to the country's accession to the World Trade Organization in 2012.

In 2021, the US side stated that Russia had the right to challenge the decisions of the United States to exclude the Russian Federation from the World Trade Organization. However, after the full -scale invasion of the Russian army into the territory of Ukraine, the US position against the Kremlin has changed somewhat. In Washington, a number of sanctions were introduced regarding Russia, partially cutting off the country from the world economy.

After that, many Western companies voluntarily left the Russian market in solidarity with Ukraine. The head of the Central Bank of the Russian Federation Elvira Nabiullin mentioned about the devastating influence of sanctions on the Russian economy. In her opinion, Russia will not be able to avoid the harmful effects of economic isolation. We will remind that experts forecast the fall of GDP of Ukraine by more than 30% in 2022.