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Obama Administration Endorses Increasing Exports To Russia By Repealing Cold War-Era Law

Thursday, July 19th, 2012

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The Obama Administration endorses repealing a Cold War-era law that used trade restrictions to punish former Soviet bloc nations for restricting the emigration of citizens. Acting Commerce Secretary Rebecca Blank backed the repeal of the Jackson-Vanik Amendment yesterday at a Capitol Hill lunch hosted by the Senate Aerospace Caucus and the Aerospace Industries Association (AIA) trade group. The Jackson-Vanik Amendment restricts United States trade relations with communist, or formerly communist, nations that restricted emigration and other human rights. Blank said…

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