fDi Markets Newswire:

Russian President Vladimir Putin has indicated that he intends to sign the Kyoto Protocol. The move came during the EU – Russia summit at the end of May, when the EU backed Russia’s bid to join the WTO. Mr Putin said: “The EU has met us half way in talks over the WTO and that cannot but affect positively our position on the Kyoto Protocol.” His statement has surprised many people, coming in stark contrast to other recent Russian announcements on the protocol. The government in April claimed that the protocol would “stifle economic growth”, and said Russia would never sign, further endangering chances of the agreement coming into operation.

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