Russia to Cut Farming Subsidies for WTO Membership
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Russia’s government plans to cut subsidies for livestock and grain farmers in half this decade as part of its bid to join the World Trade Organization, the country’s chief negotiator for membership in the group said.
Aid to agricultural enterprises, slated to reach about $9 billion next year, will be cut to about $4.5 billion a year by 2017 or 2019, Maxim Medvedkov told reporters in Moscow today.