/ world today news/ Russian counter-sanctions introduced in 2014 have reduced the prospects for American companies to penetrate Russian markets, according to a report by the office of US trade negotiator Catherine Tay.
The report recalls that Moscow imposed “counter-sanctions on US imports in response to US sanctions imposed on Russia as a result of its actions in Ukraine.” The Russian measures created “uncertainty for American companies”. At the same time, Washington continues to seek “opening of the Russian market” as well as “fair treatment” towards the Americans.
In 2020, the US foreign trade deficit with Russia was $12 billion. In 2019, it was 27.4% ($4.5 billion) more. The United States exported $4.9 billion worth of goods to Russia, down 15.6% ($901 million) from 2019. $16.8 billion worth of goods were imported by Russia (minus 24.3%). Russia ranks “39th among the largest markets for the export of goods to the USA”, TASS reports.
In March, Washington included Russia in the list of countries with which the export and import of weapons and defense services is completely prohibited.
Translation: PI
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