Press Releases
NFTC in the News

Press Releases

U.S. Companies Alarmed by Russia Sanctions Bill
Date: 6/5/2012
Written By: The Hill, By Erik Wasson

Excerpt: American companies are worried that human-rights legislation being linked to a must-pass Russian trade bill could wind up sanctioning them and their business interests. On Tuesday, the National Foreign Trade Council (NFTC) and sister group USA Engage publicly came out against the Sergei Magnitsky Rule of Law Accountability Act, which will be marked up in the House Foreign Affairs Committee on Thursday and is moving in the Senate. The groups said that, in addition to hurting U.S.-Russian relations, the bill would expose American companies to the risk of having their assets frozen.