According to the analysis of data from the American Statistical Service, Washington resumed the import of soybeans from Russia in May after a halt of about a year and a half. The import value at that time was $4.9 million, before it more than tripled in July to record the highest level in the history of bilateral trade between the two countries.
The total volume of goods and services trade between the United States and Russia was approximately $5.2 billion in 2024, a decrease of 25.8 percent compared to 2023, according to the official website of the Office of the United States Trade Representative.
