Russian-US trade turnover down by 11-fold

Trade turnover between Russia and the US totaled $277.3 million in July 2023, the latest available month, marking an 11-fold drop from February 2022, according to the US Census Bureau, Report informs.

Russian exports of $241.7 million made up almost 90% of the turnover, while US exports shrank to $35.6 million.

January-July trade data showed $2.5 billion of the $3 billion worth of goods sold to the US comprised of nuclear fuel, fertilizers and platinum group metals.

Washington has imposed widespread sanctions on Russia, including a ban on Russian oil, diamond and seafood imports.