Russia WTO
https://www.jdsupra.com/legalnews/russia-will-challenge-economic-4720758/ In 2012 Russia joined the World Trade Organization. However, Russia has been involved with trade and negotiation with the World Trade Organization since 1994. Russia is one of the producers of crude oils, grains, metals, wood, and plastic. So, since Russia is threatening to pull out of the World Trade Organization is a major deal. The fact that Russia may pull out of the WTO is due to the conflict that is currently occurring with Ukraine. If Russia pulls out, there will be a massive effect on global trade. Whether that effect is within the first 5 years or the next 100 years, somewhere down the line there will be an issue. We are already seeing an issue take place by the conflict causing trade tankers to either be diverted away from the black sea, or tankers being stuck at ports being unable to unload their goods. One family-owned company called Interunity Group is currently struggling because of this. The...