Obama welcomes granting normal trade relations status to Russia

Author: us-russia
Comments: 0
Category: News
Obama welcomes granting normal trade relations status to Russia
Published 7-12-2012, 01:41
The US President Barack Obama has said in a statement that he welcomes the fact that the US Senate approved a bill Thursday on granting Russia a permanent normal trade relations status, and that he is ready to sign it into law.

Obama said he is content that the House and the Senate have worked on a bipartisan basis on the bill to abolish the Jackson-Vanik amendment on Russia, which makes it possible for the President to grant Russia the status of normal trade relations.

President Obama adds that he will be pleased to receive the approved bill and sign it into law.

The US Senate passed the combined Magnitsky-Jackson-Vanik trade and human rights bill Thursday.

The bill envisages sanctions on Russian officials allegedly linked to the 2009 death of the Hermitage Group lawyer Sergey Magnitsky in a pre-trial detention center as well as other human rights violators. At the same time it cancels the JV amendment which imposed trade restrictions on the USSR back in 1974 due to its emigration policy.

The Senate approved a version envisaging sanctions only against Russians, and not the earlier proposed draft which imposed sanctions on human rights abusers all over the world.

Voice of Russia

 

Comments: 0
Category: News
Experts' Panel
Save the Planet Expert`s Pannel
Presently a growing number of people, including well known and...
Save the Planet Expert`s Pannel
Top
popular in the journal
Ortega Calls His Victory in...

Ortega Calls His Victory in...

MANAGUA (Sputnik) - Nicaraguan President Daniel Ortega on Tuesday told Sputnik that the victory of his Sandinista Front in general elections is an example for other ...
Could the U.S. Military Gain Air...

Could the U.S. Military Gain Air...

Any potential air attack over mainland China will require aircraft to operate at higher altitudes to avoid being detected.
Russia, US Understand Need for...

Russia, US Understand Need for...

MOSCOW (Sputnik) - Russia and the United States understand the need for a meeting of Presidents Vladimir Putin and Joe Biden but an agreement on a timeframe for the ...
RUSSIAN FEDERATION SITREP 11...

RUSSIAN FEDERATION SITREP 11...

REMEMBRANCE DAY. I remind Russians that, while D-Day was not the decisive battle of the war, it was not hastily thrown together when it was clear that Germany ...
Another failed summit? Here’s a...

Another failed summit? Here’s a...

Despite the rather dismal and disappointing results of this year’s Group of Seven, Group of 20 and COP26 summits, President Biden is getting ready for another ...