Russia-U.S. Trade Plummets to Two-Decade Low of $277M in July as Sanctions Bite

Trade between Russia and U.S. hit a two-decade low of $277.3 million in July 2023, an 11-fold drop from February 2022.

Russian exports of $241.7 million made up almost 90% of the trade turnover in July.

U.S. exports to Russia shrank to just $35.6 million in July.

January-July data showed Russia exported mostly nuclear fuel, fertilizers and platinum metals to U.S.

U.S. ended normal trade ties with Russia, introducing tariff hikes on Russian imports due to invasion of Ukraine.