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News & Insights

Senate Finance Unanimously Approves Bill to Normalize Trade with Russia

July 18, 2012


Excerpt: Senators cleared the first hurdle to extending permanent normal trade relations to Russia on Wednesday amid uncertainty about the chances of moving similar legislation through the House. … Another business group, the National Foreign Trade Council (NFTC), supports the trade-relations bill but is still opposed to the Magnitsky language. The measure, “which addresses legitimate human-rights concerns, contains a number of problematic provisions that will unnecessarily complicate U.S.-Russia relations and create a new global unilateral sanction regime for the U.S. government to use against virtually any foreign person for vaguely defined reasons,” said NFTC President Bill Reinsch. http://thehill.com/blogs/on-the-money/1005-trade/238715-senate-finance-unanimously-approves-russia-trade-bill-

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