National Association of Manufacturers and U.S. Chamber of Commerce Oppose Sanctions Against Russia
June 28, 2014 • 10:41AM

The National Association of Manufacturers (NAM) and the U.S. Chamber of Commerce took out a joint full page in the Washington Post, the New York Times, and the Wall Street Journal, Friday, opposing sanctions against Russia over Ukraine. The ads are a major statement of opposition on the part of the U.S. business community to the policy pursued by the Obama administration and many Republicans. The text of the ad follows:

"America's Interests Are at Stake in Russia and Ukraine"

"With escalating global tensions, some U.S. policymakers are considering a course of sanctions that history shows hurts American interests. We are concerned about actions that would harm American manufacturers and cost American jobs. The most effective long-term solution to increase Americas global influence is to strengthen our ability to provide goods and services to the world through pro-trade policies and multilateral diplomacy."

̶ Jay Timmons, President and CEO, National Association of Manufacturers

"History shows that unilateral sanctions don't work. President Reagan recognized this reality three decades ago when he lifted the ineffective grin embargo on the Soviet Union. The only effect of such sanctions is to bar U.S. companies from foreign markets and cede business opportunities to firms from other countries. It's time to put American jobs and growth first."

̶ Thomas J. Donohue, President and CEO, U.S. Chamber of Commerce

"U.S. workers and industries pay the cost of unilateral economic sanctions that have little hope of increasing the United States ability to achieve its foreign policy goals."