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Monday, October 16, 2017

Poroshenko told about the analogue of the amendment of Jackson-Vanik against Russia

The President of Ukraine Petro Poroshenko, speaking in the Verkhovna Rada with the annual message, stated that he expects the U.S. adoption of a modern counterpart of the amendment of Jackson-Vanik amendment, aimed at economic containment of Russia.

photo: Natalia Gubernatorova

According to Poroshenko, Ukraine must constantly seek to expand appropriate sanctions package”, within which can be adopted analogous to the amendment.

Recall that the amendment was adopted in the USA in 1974 and assumed that a country that denies its citizens free travel and emigration, will not be able to get USA credit and investgarant, it will not be possible commercial agreements.

The reason for the amendment was the ban on Jewish emigration from the Soviet Union, but later it spread to other countries, particularly China and Vietnam, and now continues to work towards the post-Soviet countries of Central Asia.

Against Russia, the amendment was annulled in 2012, although for several years he was frozen solid, and in fact was not applied. To replace the amendment came Magnitsky act, imposing personal sanctions against individuals involved in violation of human rights in other countries, including in Russia.

Note that, according to Poroshenko, the closure of Russian markets for Ukrainian goods, has resulted in the loss of economy of Ukraine of $ 15 billion. This “economic war”, Poroshenko said that one of the main reasons for the rapid decline in living standards in the country.

Sanctions . Chronicle of events

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