News / Economy

US Senate Moves to Boost Trade with Russia

Sen. John Cornyn, R-Texas, right, accompanied by Sen. John McCain, R-Ariz., gestures during a news conference on Capitol Hill in Washington, Tuesday, June 26, 2012 Sen. John Cornyn, R-Texas, right, accompanied by Sen. John McCain, R-Ariz., gestures during a news conference on Capitol Hill in Washington, Tuesday, June 26, 2012
x
Sen. John Cornyn, R-Texas, right, accompanied by Sen. John McCain, R-Ariz., gestures during a news conference on Capitol Hill in Washington, Tuesday, June 26, 2012
Sen. John Cornyn, R-Texas, right, accompanied by Sen. John McCain, R-Ariz., gestures during a news conference on Capitol Hill in Washington, Tuesday, June 26, 2012
WASHINGTON — The U.S. Senate Finance Committee Wednesday approved a bill that would give Russian goods the same low-tariffs as exports from other nations, ending restrictions that were put in place during the Cold War.

Supporters say the measure could help double the $9 billion annual trade between the two former enemies.

The change came over the objections of some senators who said Washington should not grant permanent normal trade relations to Moscow until it stops sending weapons to Syria, where a conflict has killed thousands of people.

Senator John Cornyn, a Republican from Texas, said Congress should not "squander" a chance to send a strong message to Moscow. 

But Senator John Kerry, a Massachusetts Democrat, disagreed, saying slowing trade with Russia would not change that nation's actions but would hurt U.S. exporters.

For the bill to become law, it must still pass the full Senate, and be approved by the House of Representatives and President Barack Obama.

Earlier, Russia's parliament gave final legislative approval to the agreement that obligates Russia to cap some tariffs and take other actions in return for being allowed to join the World Trade Organization.  

The measure must still be signed by President Vladimir Putin.

Russia was the last of the world's major economies outside the WTO before the 153-member group officially accepted the country in December.

WTO supporters say it helps the economies of individual nations by boosting trade.

You May Like

Video Drug Use Rises in Afghanistan

Ninety percent of world’s heroin comes from Afghanistan More

Here's Your Chance to Live in a Deserted Shopping Mall

About one-third of the 1200 enclosed malls in the US are dead or dying. Here's what's being done with them. More

Video NASA: Big Antarctica Ice Shelf Is Disintegrating

US space agency’s new study indicates Larsen B shelf could break up in just a few years More

This forum has been closed.
Comment Sorting
Comments
     
by: Mimichoobia
July 24, 2012 5:46 PM
With discreet <a href="http://danawiki.org/index.php?title=Getting_The_Height_Raise_You_Want_Through_Shoe_Lifts">Heel lifts </a> you can correct numerous problems together with your gait, including those that trigger pain from the Achilles tendon. You don’t have to suffer with leg discrepancies or spend hundreds of dollars for unique shoes whenever you choose heel lifts. heel lifts can also be used whenever you simply want a height increase, also. Simply slip your lifts into any pair of shoes and you can have a one to two inch boost automatically.

by: martinnitsim
July 23, 2012 9:08 AM
well steven if you are still in need of them i think this is the web address
and some info , there there most competitive in the game , mention martin recommened you

by: Gennady from: Russia
July 21, 2012 10:03 PM
The US will profit from the trade under flexible provisions. The benchmark for the perfect trade should be
a) not prolonging Putin-Medvedev’s stay in power and
b) their restoration of Rights and Freedoms of Man and Citizen stipulated in articles 17.1, 22.1, 27, 29.1,29.5,31, 56.1 of Russian Constitution, basic human rights in Russia.

by: david lulasa from: tambua/gimarakwa/vihiga
July 20, 2012 8:01 AM
unfair people like putin and medvedev are the kind of people who would force you have a general punishment mindset that leads you to sanction the whole country like syria ought to be sanctioned..its because not every russian thinks like putin and medvedev that there is still such a proposal from the US government....the russian government itself should knw that its not worthy.

lulasa

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Turkey's Main Opposition Party Hopes for Election Breakthroughi
X
May 22, 2015 10:23 AM
Turkey’s main opposition Republican People’s Party has sought an image change ahead of the June 7 general election. The move comes after suffering successive defeats at the hands of the Islamist-rooted AK Party, which has portrayed it as hostile to religion. Dorian Jones reports from the western city of Izmir.
Video

Video Turkey's Main Opposition Party Hopes for Election Breakthrough

Turkey’s main opposition Republican People’s Party has sought an image change ahead of the June 7 general election. The move comes after suffering successive defeats at the hands of the Islamist-rooted AK Party, which has portrayed it as hostile to religion. Dorian Jones reports from the western city of Izmir.
Video

Video Europe Follows US Lead in Tackling ‘Conflict Minerals’

Metals mined from conflict zones in places like the Democratic Republic of Congo are often sold by warlords to buy weapons. This week European lawmakers voted to force manufacturers to prove that their supply chains are not inadvertently fueling conflicts and human rights abuses. Henry Ridgwell reports from London.
Video

Video Class Tackles Questions of Race, Discrimination

Unrest in some U.S. cities is more than just a trending news item at Ladue Middle School in St. Louis, Missouri. As VOA’s Kane Farabaugh reports, it’s a focus of a multicultural studies class engaging students in wide-ranging discussions about racial tensions and police aggression.
Video

Video Mind-Controlled Prosthetics Are Getting Closer

Scientists and engineers are making substantial advances towards the ultimate goal in prosthetics – creation of limbs that can be controlled by the wearer’s mind. Thanks to sophisticated sensors capable of picking up the brain’s signals, an amputee in Iceland is literally bringing us one step closer to that goal. VOA’s George Putic reports.
Video

Video Afghan Economy Sinks As Foreign Troops Depart

As international troops prepare to leave Afghanistan, and many foreign aid groups follow, Afghans are grappling with how the exodus will affect the country's fragile economy. Ayesha Tanzeem reports from the Afghan capital, Kabul.
Video

Video Poverty, Ignorance Force Underage Girls Into Marriage

The recent marriage of a 17-year old Chechen girl to a local police chief who was 30 years older and already had a wife caused an outcry in Russia and beyond. The bride was reportedly forced to marry and her parents were intimidated into giving their consent. The union spotlighted yet again the plight of many underage girls in developing countries. Zlatica Hoke reports poverty, ignorance and fear are behind the practice, especially in Asia and Africa.
Video

Video South Korea Marks Gwangju Uprising Anniversary

South Korea this week marked the 35th anniversary of a protest that turned deadly. The Gwangju Uprising is credited with starting the country’s democratic revolution after it was violently quelled by South Korea’s former military rulers. But as Jason Strother reports, some observers worry that democracy has recently been eroded.
Video

Video California’s Water System Not Created To Handle Current Drought

The drought in California is moving into its fourth year. While the state's governor is mandating a reduction in urban water use, most of the water used in California is for agriculture. But both city dwellers and farmers are feeling the impact of the drought. Some experts say the state’s water system was not created to handle long periods of drought. Elizabeth Lee reports from Ventura County, an agricultural region just northwest of Los Angeles.
Video

Video How to Clone a Mammoth: The Science of De-Extinction

An international team of scientists has sequenced the complete genome of the woolly mammoth. Led by the Swedish Museum of Natural History in Stockholm, the work opens the door to recreate the huge herbivore, which last roamed the Earth 4,000 years ago. VOA’s Rosanne Skirble considers the science of de-extinction and its place on the planet
Video

Video Blind Boy Defines His Life with Music

Cole Moran was born blind. He also has cognitive delays and other birth defects. He has to learn everything by ear. Nevertheless, the 12-year-old has had an insatiable love for music since he was born. VOA’s June Soh introduces us to the young phenomenal harmonica player.

VOA Blogs

World Currencies

EUR
USD
0.8982
JPY
USD
121.07
GBP
USD
0.6376
CAD
USD
1.2215
INR
USD
63.612

Rates may not be current.