Support The Moscow Times!

Caterpillar Head Testifies

WASHINGTON — Caterpillar CEO Doug Oberhelman testified Thursday before the House Ways and Means Committee and urged Congress to pass legislation establishing permanent normal trade relations with Russia, the company said.

"In the last five years, Caterpillar's exports to Russia from its U.S. factories totaled nearly $2 billion, but Russia's entry into the WTO, combined with [normalized relations], could open the door for greater exports and the American jobs that go along with those exports," Oberhelman said.

"An economy of [Russia's] size should not be just our 31st-largest goods export market. Clearly there is a lot of opportunity to increase U.S. exports to Russia," Oberhelman said.

(MT)

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

As we approach the holiday season, please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world’s largest country.