At two separate events in Washington recently, Michael McFaul, the U.S. ambassador to Russia, insisted that it should be a “total no brainer” for Congress to end the application of the Jackson-Vanik amendment—which denies normal, unconditional trade to non-market economies that restrict emigration—to Russia. The waning utility of Jackson-Vanik, McFaul claimed, was entirely exhausted by the completion of WTO negotiations.
May 18, 2011
In 2007, a Russian businessman named Oleg Derapaska applied for a multiple-entry visa to enter the United States. Derapaska certainly had some impressive credentials—he is one of the richest men in Russia, with a fortune of $10.7 billion as of 2010, which he made initially by cornering Russia’s aluminum market. He is well traveled, and is the owner of a £25 million home in the Belgravia neighborhood of London. The State Department nevertheless turned him down (though it did grant him a one-time entry visa in 2009).