The head of the Ministry of Economic Development of the Russian Federation believes that the WTO has been in stagnation since 2019

The head of the Ministry of Economic Development of the Russian Federation believes that the WTO has been in stagnation since 2019

The World Trade Organization (WTO) has been in stagnation since 2019, but there is no talk of its collapse, said Maxim Reshetnikov, head of the Ministry of Economic Development of the Russian Federation, who is heading the Russian delegation at the G20 trade ministers meeting held on September 30 - October 1 in Milwaukee (USA). "I think the term 'collapse' is probably not applicable," he answered a question about whether the WTO could collapse under current conditions. "But the problem is that the WTO is indeed in stagnation."