Russia-U.S. Trade Plummets to Two-Decade Low of $277M in July as Sanctions Bite
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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.
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Russian exports of $241.7 million made up almost 90% of the trade turnover in July.
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U.S. exports to Russia shrank to just $35.6 million in July.
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January-July data showed Russia exported mostly nuclear fuel, fertilizers and platinum metals to U.S.
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U.S. ended normal trade ties with Russia, introducing tariff hikes on Russian imports due to invasion of Ukraine.