Norway will definitely support Russia's bid for WTO membership. This was announced by Deputy Chairman of the Norwegian Parliament Inge Loenning at the IX session of the Baltic Club, which was held at Rosbalt news agency yesterday. He said 'an organisation such as the WTO should unite all nations and aim to reduce customs barriers.' Norway is chairing the working group for Russia's bid to enter the WTO.
Furthermore, Mr Loenning said that talks between Russia and the Northern Council would intensify in the near future as the Baltic states are about to join the EU. In this way the main area of Northern Council activity will move away from the Baltic states towards Russia. Special attention will be paid to the North-West Federal District, Mr Loenning said.
The German economy has long been dependent on cheap natural gas from Russia. This fuel has now become a "time bomb"