Reports that Russia will be finally become a member of the WTO is abound. It is quite amazing that a country as large as Russia with immense natural resources and potential has not been part of the multilateral trading network. China also became a member of the WTO in 2000. This report indicates that Russia was not in a great hurry to become a member. It would be interesting to see how Russia's trade profile, domestic industry as well as response to dispute settlement mechanism will play out in the coming years.