Pres. Trump is mulling increased sanctions on Russia in coming days as a result of frustration with Russia's Pres. Putin after the drone strikes over the weekend.
US trade with Russia represents less than 0.3% of total U.S. international trade from most recent data, making Russia a very minor trading partner for the United States.
Key Trends:
U.S. exports to Russia have dropped significantly from over $5 billion annually pre-2022. At then end of 2023 is was only $1.9B
U.S. imports from Russia—mainly oil, platinum, and industrial materials—have also been slashed due to sanctions and bans.
Overall, bilateral trade is at its lowest levels in over 20 years.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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