Putin: Russia updates its strategy in WTO amid sanctions

Russian President Vladimir Putin said on Wednesday that “illegal” restrictions on Russian companies by Western states violate World Trade Organization rules and told his government to update Russia’s strategy in the WTO before June 1.

Speaking at a government meeting on the country’s metallurgical industry, Putin said Western countries had banned Russia from buying parts needed to produce rolled metal, sheet metal and other products.

“These measures [sanctions] Contrary to WTO principles, which European colleagues have consistently confirmed they adhere to,” Putin said.

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Earlier on Wednesday, Kremlin spokesman Dmitry Peskov said Russian metal companies were dealing with “hostile attitudes” from what Moscow calls unfriendly countries, and that Russia would come up with a plan to combat it.

The Russian economy has been ravaged by Western sanctions designed to force Moscow to withdraw the troops it sent to Ukraine on February 24.

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