February 12, 2006	Sunday	Muharram 13, 1427

MOSCOW, Feb 11: Russian President Vladimir Putin called on Saturday for the quick completion of talks with the United States on joining the World Trade Organization (WTO).

Speaking at a Kremlin meeting with U.S. Treasury Secretary John Snow, Putin noted Russia’s rapidly increasing economic and trade ties with the United States, particularly in the energy sphere, and said Russia could rank third or fourth as an energy supplier to US market in the next three or four years.

But, he added: “Our cooperation is richer than that. I strongly hope that our negotiators will be able to succeed in their talks on Russian WTO accession that would create even better conditions for the development of trade and economic ties, including in the investment sphere.”

Russia has been negotiating for entry into the 149-member global trade body since 1994, and signing a trade agreement with the United States is one of the key obstacles keeping it from joining. Among the main sticking points for the United States is Russia’s position that foreign banks should not be allowed to open directly owned branches in the country.

Snow said the US was intent on wrapping up the talks, but gave no time frame for signing a deal.

“There are only a few remaining issues that have kept us apart,” Snow said area — having to do with the issue of opening financial markets. We had, I thought, a very good discussion on this subject on Friday. I think we are narrowing the differences and should be very close to resolution.—AP