U.S.-Russian Business Blog

Monday, 6 of April of 2020

U.S.-Russia Policy Recommendations to the Obama Administration

The U.S.-Russia Business Council has just submitted its recommendations to the Obama Administration regarding U.S. policy toward Russia. In an effort to create a more productive and lasting partnership between the two countries, the USRBC’s recommendations focus on the development of the commercial relationship as a foundation for moving forward on the geopolitical agenda.

Many experts agree that closer business and finance relations are key to resetting the downward trend initiated by the Bush administration and creating a more productive bilateral relationship.

The Council’s recommendations include the following:

  • The establishment of a bilateral commission to facilitate regular exchanges on commercial issues. Such an interagency commission, led at the highest levels of the U.S. and Russian governments, should have a strong private sector component.
  • The revival of a commercial energy dialogue to promote shared objectives in energy security and efficiency.
  • The Obama Administration’s support for the repeal of the Jackson-Vanik amendment for Russia. This would recognize actions taken by Russia more than a decade ago and would be a notable symbolic gesture of goodwill. At the same time, the Obama Administration must make it clear that a good faith effort to repeal Jackson-Vanik for Russia will not compromise bilateral and multilateral objectives in negotiating Russia’s accession to the World Trade Organization on commercially meaningful terms.
  • A focus on matters that advance the interests of both countries: support for economic diversification, rule of law, and even-handedness in regulation should guide the discussions.

Full report by the USRBC

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