Russia's small and medium-sized chemical companies will suffer heavy losses

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The Russian Ministry of Industry and Trade released a report a few days ago that after the accession to the WTO, the Russian chemical and petrochemical industries have fallen behind in competitiveness due to backward technology, and the entire industry may collapse, reminding the government to consider preparing for the rescue of the chemical industry. Although large-scale export-oriented chemical companies are not affected by the accession to the WTO, and may even benefit, some 600 small and medium-sized chemical companies, which mainly focus on domestic sales, will suffer heavy losses.

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