With midterm elections approaching, help us make everyone smarter about the economy. Donate Now
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

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.