Senate To Consider Ending Russian Trade Restrictions

Law360, New York (June 12, 2012, 5:21 PM EDT) -- A bipartisan group of senators proposed a bill Tuesday to repeal a set of Cold War-era trade restrictions, saying the measure would create more open trade with Russia and boost U.S. exports to the country.

The bill would extend permanent normal trade relations status to Russia and nix trade restrictions outlined in the Jackson-Vanik amendment, a provision signed into law in 1975 that was intended to punish the Soviet Union for human rights abuses.

Sen. Max Baucus, D-Mont., who heads the Senate Finance Committee, said in...
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