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Pure façade: US still buys ‘Made in Russia’ goods in spite of sanctions

Pure façade: US still buys ‘Made in Russia’ goods in spite of sanctions

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Although many people expected a sharp decline in Russia-US trade amid the increase in bilateral tensions between the countries, businesses, against all the odds, seem to have ignored this and maintained economic ties. Relations between Washington and Moscow have been declining for the last five years due to a number of disagreements on international issues, with the latest US moves being aimed at sanctioning the Russian gas export project Nord Stream 2. Despite this, however, trade between the US and Russia has been reasonably stable since 2015. Carl Fey, a professor of international trade at the School of Business at Aalto University, said: “For the first half of 2019 the US imported $10.5 billion and exported $3.3 billion [worth of goods] according to the US census data. Despite current challenges, many in the US and Russia also realise that there is a difference between what a government does and the views of individual people.” In light of the negative pressure from…
Source: Pure façade: US still buys ‘Made in Russia’ goods in spite of sanctions

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