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For all his pretensions of being a “transformative” president, Barack Obama’s foreign policy prescriptions are rooted in a deeply conservative and nostalgic tradition. When it comes to Russia, the tradition this White House channels most is that of Richard Nixon. This seemingly incongruous resemblance was well illustrated in a recent controversy over the nullification of a Nixon-era piece of legislation, the Jackson-Vanik amendment, which binds U.S. trade relations with autocratic regimes to those regimes’ human rights records. Jackson-Vanik is the thorn in the side of Obama’s “reset” policy with Russia, which wants to accede to the World Trade Organization—a major component of the reset. So long as Jackson-Vanik still applies to Russia, American businesses won’t be...