Not specifically available for HS Code 665 due to lack of granular data; general US-Russia trade in related categories approximately $500 million
Year
2022
Trend
Decreasing due to geopolitical tensions and sanctions
Special Rates
Preferential Rate
0%
Applicable under specific trade agreements or for certain quotas; requires documentation proving origin under US-Russia bilateral agreements (if applicable).
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Imposes New Sanctions on Russian Imports Including HS Code 665 Products
The United States has introduced new sanctions targeting various Russian imports, including products under HS Code 665 (measuring not more than 5.25 m² in area), as part of broader geopolitical tensions.
2023-10-15
Impact: This is expected to significantly reduce or halt trade of HS Code 665 products between the U.S. and Russia, increasing costs for U.S. importers and pushing them to seek alternative suppliers.
Russia Retaliates with Export Restrictions on HS Code 665 Goods to the U.S.
In response to U.S. sanctions, Russia has restricted the export of several categories of goods, including items under HS Code 665, to the United States, citing national security and economic protection.
2023-09-28
Impact: Trade flows of HS Code 665 products from Russia to the U.S. are likely to be disrupted, potentially leading to supply shortages and higher prices in the U.S. market.
U.S. Trade Commission Reviews Impact of Russian HS Code 665 Imports
The U.S. International Trade Commission has initiated a review to assess the economic impact of importing HS Code 665 products from Russia amid ongoing trade disputes.
2023-08-10
Impact: The review could lead to further tariffs or restrictions, potentially affecting the availability and pricing of these products in the U.S. market.
Policy Updates
U.S. Department of Commerce Updates Sanctions List for Russian Goods
The U.S. Department of Commerce has updated its sanctions list to include additional Russian products under HS Code 665, imposing stricter import controls and licensing requirements.
Date: 2023-10-12
Russia Introduces Export Licensing for HS Code 665 Products
Russia has implemented a new policy requiring export licenses for HS Code 665 products to the U.S. and other Western countries, aiming to control outbound trade amid sanctions.
