when did russia join the world economic forum
1997
title: Russia–NATO relations text: said that Russia was at ″information war″ primarily with ″Anglo-Saxon mass media″. After the fall of the Soviet Union, the Russian Federation moved towards a more open economy with less state intervention, and Russia became an important part of the global economy. In 1998, Russia joined the G8, a forum of eight large developed countries, six of which are members of NATO. In 2012, Russia joined the World Trade Organization, an organization of governments committed to reducing tariffs and other trade barriers. These increased economic ties gave Russia access to new markets and capital, as well as political clout in title: Russia and the World Bank text: Russia and the World Bank The Russian Federation joined the World Bank after the collapse of the Soviet Union, which led to the formation of a new state and economy as a constitutional republic. The federation joined the World Bank on June 16, 1992. Since then, Russian projects funded by the World Bank have ranged from public administration and law to energy development and fishing. The World Bank was created in 1944 at the Bretton Woods Conference. Although many countries were represented at the conference, the United States and the United Kingdom dominated negotiations. The president of the World Bank title: Economy of Russia text: which shielded the banking system from effects of the global financial crisis. A sharp, but brief recession in Russia was followed by a strong recovery beginning in late 2009. After 16 years of negotiations, Russia's membership to the WTO was accepted in 2011. In 2013, Russia was labeled a high-income economy by the World Bank. Russian leaders repeatedly spoke of the need to diversify the economy away from its dependence on oil and gas and foster a high-technology sector. In 2012 oil, gas and petroleum products accounted for over 70% of total exports. This economic model appeared to show its title: Russia text: be placed in a separate category." Another problem is modernisation of infrastructure, ageing and inadequate after years of being neglected in the 1990s; the government has said $1 trillion will be invested in development of infrastructure by 2020. In December 2011, Russia was approved as a member of the World Trade Organisation after 18 years of dialogue, allowing it a greater access to overseas markets. Some analysts estimate that WTO membership could bring the Russian economy a bounce of up to 3% annually. Russia ranks as the second-most corrupt country in Europe (after Ukraine), according to the Corruption Perceptions Index. title: Member states of the World Trade Organization text: international intergovernmental organizations are also granted observer status to WTO bodies. The Palestinian Authority submitted a request for WTO observer status in October 2009 and again in April 2010. Afghanistan is the newest member, joining effective 29 July 2016. Russia was one of the only two large economies outside of the WTO after Saudi Arabia joined in 2005. It had begun negotiating to join the WTO's predecessor in 1993. The final major point of contention – related to the 2008 Russo-Georgian War – was solved through mediation by Switzerland, leading to Russian membership in 2012. The other is Iran, which