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Press Releases

U.S. Business Warns Against Russian Sanctions Bill"
Date: 6/5/2012
Written By: Reuters, By Doug Palmer

Excerpt: A bill to punish Russian officials for alleged human rights abuses would badly damage U.S.-Russian ties and hurt U.S. exports, business groups said on Tuesday, two days before a key congressional panel will vote on the measure. Bill Reinsch, president of the National Foreign Trade Council, whose members include major U.S. exporters such as Boeing, Microsoft and Caterpillar, told reporters on Tuesday the Magnitsky bill was "seriously flawed." He argued it would make it even harder to get Russia's cooperation on issues ranging from Iran's nuclear ambitions to Syria's bloody crackdown on dissent. U.S. companies also fear they will lose sales coming from Russia's entry into the WTO because Moscow will retaliate by turning to other suppliers, Reinsch said.,0,1268076.story