By The Numbers

How much influence does the U.S. have on Russia’s economy?

Sally Herships Mar 3, 2014
HTML EMBED:
COPY
By The Numbers

How much influence does the U.S. have on Russia’s economy?

Sally Herships Mar 3, 2014
HTML EMBED:
COPY

The Obama administration is threatening Russia with economic sanctions, if it continues with its military action in Ukraine. But Russia’s main exports are oil and gas, and the United States, which imports about $30 billion of goods, or less than 1 percent of the Russian economy, isn’t a big customer.

Much more powerful than sanctions, says Andy Kuchins, director of the Center for Strategic and International Studies’ Russia and Eurasia program, is the effect of Russia’s actions on its own stock market, which has dropped 10 percent so far. 

Countries that buy Russian exports:

  • Netherlands, 13.0% of Russia’s exports
  • Germany, 6.0%
  • France, 3.4%
  • Finland, 3.4%
  • Lithuania, 1.9%
  • Sweden, 1.7%
  • United Kingdom, 2.4%
  • Estonia, 0.43%
  • Norway, 0.41%
  • Latvia, 0.40%
  • Denmark, 0.37%

 Source: The Observatory of Economic Complexity/MIT

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.