Support The Moscow Times!

Russia-U.S. Trade Dropped 28 Percent in 2015

Russia's trade turnover with the United States dropped by 27.9 percent last year compared to 2014, the TASS news agency has reported.

“Last year was not particularly favorable for trade between Russia and the U.S. Our overall 2015 turnover was $21 billion, a decline of 27.9 percent,” said Deputy Economic Development Minister Alexei Likhachev.

The drop comes amid sanctions between Russia and the U.S. In 2014, Washington imposed economic restrictions on Moscow due its interference in eastern Ukraine. The Kremlin responded with counter measures that included an embargo on American food imports.

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.