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Thursday, December 20, 2012

Obama grants Russia 'permanent normal trade relations'

Obama grants Russia 'permanent normal trade relations'




US President Barack Obama on Thursday formally granted "permanent normal trade relations" to Russia, following congressional action that cleared the way for him to remove a Cold War-era vestige on trade but also raised tensions with Moscow.

"The Russian Federation has been found to be in full compliance with the freedom of emigration requirement" under the 1974 Jackson-Vanik amendment, Obama said in a proclamation.

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