U.S.-Russia Economic Relationship
Russia represents an important and
growing market for the United States in services, consumer
goods, agriculture, machinery and healthcare.
Russia's 143 million
citizens are highly educated (literacy is 99%)
and real disposable income has been increasing 10%
each year since 2005, making Russia an excellent market
for U.S. value added and luxury goods and
Russia is the world's
8th largest economy, the 12th-largest retail market
in the world (worth about $1 trillion in 2007 and expected
to double by 2010).
It's the world's
largest national source of natural resources, and the
world's 2nd largest oil-producing country. Russia is among
the top 15 countries today in internet users, and it's in
the top 5 for books published. In 2000, Russia had 3
million mobile phones - there are 80 million today. Laptop
sales have gone from 40,000 in 2002 years ago to
over 600,000 in 2007.
U.S. direct investment
in Russia rose by nearly 50 percent in 2007 – and
much of it was outside of Moscow.
exports to Russia grew a whopping 33% in 2005 – growing at
a faster pace than the overall bilateral trade.
In the first half of 2006 alone, U.S. imports
The U.S. has a dynamic
services trade with Russia. U.S.-Russia services
trade totaled $4 billion in 2005, and that trade was
equally balanced between the two countries.
Russia became the U.S.’ 20th largest supplier of
imports in 2006 – beating Australia, Spain and
The U.S. Congress must graduate Russia from Jackson-Vanik
and pass PNTR for Russia so that U.S. interests be able to
compete in the Russian market on an equal footing with foreign
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