The Russian government expects the successful completion of negotiations on accession to the WTO before the end of the year. "We have agreed with our partners on what terms and what levels of localization must be achieved if the company begins work on the territory of the Russian Federation, but volumes should be made in the Russian Federation, including engines, transmissions, Lakokraska", - said Friday the head of the government of the Russian Federation at the meeting of the Board of the chamber of Commerce. "We agree, in what time frame will keep these rather stringent conditions for our partners and those with whom we have made in the past, even large conditions, so as not to put them in a difficult position and do not change the contractual obligations with our Russian partners, we have agreed that we will be ready to subsidize their losses from the budget, if such will occur," concluded the Prime Minister. As previously reported, during the negotiations, the EU wanted to reduce the duration of benefits until 2018, But Russia was able to reclaim the right to leave things as they are, while agreeing to compensate Europe the decline of imports of automotive components by 25% or more. In this case, 75% of components will be imported without preferential duties. "Russia and the European Union has eliminated the last of the bilateral disputes in matters relating to the accession of the Russian Federation to the world trade organization - quoted by ITAR-TASS statement by EU trade Commissioner Karel de Gucht. "We reached agreement on the last outstanding bilateral issues, paving the way for Russia's entry into the WTO before the end of this year. This understanding will help protect against movement in Russia European jobs in the automotive industry and in the production of components". Recently, the Prime Minister promised that by 2016 Russia will become Europe's biggest centre for manufacture of automobiles.