Trade Relations Between US and Russia
In 2022, the U.S. and Russia traded goods and services worth $20.2 billion, resulting in a trade deficit of $11.2 billion for the U.S. Goods exports to Russia dropped significantly by 74% to $1.7 billion, while imports decreased by 51.3% to $14.4 billion. This led to a reduced goods trade deficit of $12.8 billion, down by 45.1% from the previous year.
In the services sector, the U.S. exported services valued at $2.8 billion to Russia, a 32.8% decrease from the previous year. Import of services from Russia was around $1.3 billion, showing a 28% decrease. Despite these declines, the U.S. maintained a services trade surplus of approximately $1.5 billion with Russia in 2022.
Investment flows were notable, with U.S. foreign direct investment in Russia declining by 21.4% to $9.6 billion. This investment focused on sectors like manufacturing and professional services. Conversely, Russia’s foreign direct investment in the U.S. increased by 2.5% to $4.1 billion, indicating continued economic engagement between the two nations.
Relations Between US and Russia
Relations Between US and Russia: Russia and the United States, two large and powerful countries, have a complicated and nuanced shared past. They both care about things like keeping nuclear activities safe, preventing the spread of weapons, working together against terrorism, and exploring outer space. These two superpowers’ relationship has been molded by shifting geopolitics, divergent ideologies, and periods of mutual assistance and disagreement.
We will examine the main facets of ties between the US and Russia in this article, including the historical context, background information, significant occasions, and the present situation.
Table of Content
- The US-Russia Relations
- A Historical Overview – US and Russia
- Current State of US-Russia Relations
- US Objectives and Future on US-Russia Relations
- Trade Relations Between US and Russia
- Latest News about America and Russia