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US lawmaker calls for end to Soviet-era trade restrictions

US Congressman Tom Lantos called for an end to Soviet-era trade restrictions against Russia, describing them as a „Cold War relic.”

„Putting an end to Jackson-Vanik is in the national interests of both Russia and the United States,” Lantos, chairman of the US House Foreign Affairs Committee, told reporters in Moscow today. „I will spare no effort to bring this about and I have every expectation that I will be successful.”

He didn't give a timeframe for annulling the amendment. President George W. Bush's administration began consulting Congress more than six years ago on lifting the 1974 trade restrictions, known as the Jackson-Vanik amendment, according to a statement on the White House Web site. (Bloomberg)