Russian Opposition Leaders Call for the Repeal of Cold War-era Trade Sanction

Russian opposition leaders endorsed President Obama’s request to repeal a Cold War-era trade sanction on March 12, 2012. This sanction, known as the Jackson-Vanik trade amendment, was established in 1974 and was intended to make it easier for Jews to emigrate to other countries after the Soviet Union forbid Jewish emigration. If the sanction is not repealed by the time Russia joins the World Trade Organization (WTO) in a few months, the United States will violate the organization’s rules and regulations. This violation would result in the levying of heavy tariffs on United States businesses, leading to the loss of millions of dollars in revenue.

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