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→US sanctions
Since the start of the [[Special Military Operation]] (SMO), [[trade]] between the [[US]] and [[Russia]] has shrunk dramatically. In 2021, US [[export]]s to Russia totaled approximately $6.4 billion and US [[import]]s from Russia totaled about $29.7 billion. This resulted in a US [[trade deficit]] with Russia of about $23.3 billion for that year.
Since the start of the [[Special Military Operation]] (SMO), [[trade]] between the [[US]] and [[Russia]] has shrunk dramatically. In 2021, US [[export]]s to Russia totaled approximately $6.4 billion and US [[import]]s from Russia totaled about $29.7 billion. This resulted in a US [[trade deficit]] with Russia of about $23.3 billion for that year.
In 2024, total trade in goods between the United States and Russia declined sharply due to ongoing [[economic sanctions]], [[war]]-related restrictions, and other [[political]] measures. US exports to Russia in 2024 were approximately $526 million, marking a decrease of over 12% compared to 2023. Major U.S. exports included [[medical]]/[[technical]] equipment, [[pharmaceutical]]s, [[machinery]], and some [[food]] and [[chemical]] products.
In 2024, total trade in goods between the United States and Russia declined sharply due to ongoing [[economic sanctions]], [[war]]-related restrictions, and other [[political]] measures. US exports to Russia in 2024 were approximately $526 million, marking a decrease of over 12% compared to 2023. Major U.S. exports included [[medical]]/[[technology|technical]] equipment, [[pharmaceutical]]s, [[machinery]], and some [[food]] and [[chemical]] products.
U.S. imports from Russia in 2024 were about $3.0–$3.27 billion, down more than 34% compared to 2023 and down over 75% from pre-war levels in 2021–2022. Key Russian exports to the U.S. were [[fertilizer]]s (about $1.3 billion), precious metals (about $878 million), and inorganic chemicals (about $683 million). [[Energy]] imports have almost entirely ceased.
U.S. imports from Russia in 2024 were about $3.0–$3.27 billion, down more than 34% compared to 2023 and down over 75% from pre-war levels in 2021–2022. Key Russian exports to the U.S. were [[fertilizer]]s (about $1.3 billion), precious metals (about $878 million), and inorganic chemicals (about $683 million). [[Energy]] imports have almost entirely ceased.