STRELNA, July 15 (RIA Novosti) - Russia and the United States are continuing talks on Russia's accession to the World Trade Organization, a Russian presidential spokesman said Saturday.

During negotiations on Wednesday and Thursday, Russia made a concession and agreed to let U.S. insurance companies enter its market, after lengthy debates.

The U.S. had previously insisted that its banks be granted permission to open branches in Russia, but Moscow rejected the idea, saying the Russian banking system was too weak to withstand foreign competition.

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