BREAKING NEWS

Clinton sees Congress moving on Russia trade measure

By REUTERS

SEPTEMBER 8, 2012 08:44

VLADIVOSTOK, Russia - The US Congress may move this month to upgrade trade relations with Russia, a key part of the Obama administration's effort to bolster sometimes strained ties with Moscow and open the Russian market to more US companies, US Secretary of State Hillary Clinton said on Saturday.

Clinton, addressing the Asia Pacific Economic Forum (APEC) meeting in Vladivostok, said the Obama administration was working closely with Congress on lifting the 1974 Jackson-Vanik amendment, Cold War-era legislation which has blocked normal trade privileges for Russia.

"To make sure our companies get to compete here in Russia, we are working closely with the United States congress to terminate the application to Jackson-Vanik to Russia and grant Russia permanent normalized trade relations," Clinton said.

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