Russian-American Trust and Cooperation Act of 2001

Russian-American Trust and Cooperation Act of 2001 - Directs the President, until he certifies to Congress that the Government of the Russian Federation has ceased all operations at, removed all personnel from, and permanently closed the intelligence facility at Lourdes, Cuba, to: (1) neither reschedule nor forgive any outstanding bilateral debt owed by the Government of the Russian Federation to the United States; and (2) instruct the U.S. representative to the Paris Club of official creditors to use the U.S. vote to oppose rescheduling or forgiveness of any outstanding bilateral debt owed by such government. Authorizes the President to waive the requirements of this Act if it is in the national interests of the United States.