US exports of goods to Russia have fallen to a 20-year low

06 May 2022, 14:42 | Economy
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Exports of US goods to Russia in March of this year fell by almost five times in monetary terms, according to the foreign trade statistics of the US Census Bureau, according to Russian media..

It is clarified that the indicator for March was the lowest in a month in the history of Russian-American trade, at least since 2002..

$101.1 million worth of American goods exported to Russia in March. In February 2022, the figure was $497.5 million and $476.3 million in March last year. For example, the volume of exports of American cars to Russia decreased from $83 million in February to $20 million in March, pharmaceutical products - from $60 million to $14 million..

Imports of American engines for aircraft and luxury goods have dropped to almost zero - Washington has imposed an embargo on their supplies to Russia..

At the same time, the sanctions temporarily spurred exports from Russia to the United States, as the US authorities provided for a transitional period until they fully enter into force.. First of all, this was due to the growth in crude oil supplies - up to $363 million..

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Earlier it was reported that the US Federal Reserve raised its key rate by half a point in an attempt to curb inflation..




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