News Summary: House votes on trade with Russia
Published: November 16, 2012
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RUSHING RUSSIA: The House of Representatives voted Friday to end Soviet-era trade restrictions on Russia, which joined the World Trade Organization earlier this year. The Senate will now consider the bill, which is supported by the Obama administration.
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MOSCOW MOVES: The bill would permanently normalize U.S. trade relations with Russia and Moldova. As a WTO member, Russia is required to reduce tariffs and take other measures to open its markets.
SHAPE UP: The House also approved a measure that punishes Russian officials for human rights violations, although the House and Senate differ on the specifics of those provisions.
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