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U.S. says "end is in sight" on Russia's WTO bid

MOSCOW, Oct 20 (Reuters) - President Barack Obama’s economic advisor said on Wednesday that Washingtion is very encouraged by progress in talks on Russia’s World Trade Organization bid and hopes Moscow will complete WTO accession within a year.

“We are certainly hopeful that well before 12 months from now, this process (Russia’s WTO accession) will have been completed,” Larry Summers said. “I can now say the end is in sight.”

Summers, who in September said he would step down as director of the White House National Economic Council, told reporters in Moscow that work remains to be done on Russia’s 18-year-old bid to join the global trade rules body.

Reporting by Guy Faulconbridge; editing by Steve Gutterman