USD 12.5 billion (total U.S. exports to Russia across all categories)
Year
2022
Trend
Decreasing due to geopolitical tensions and sanctions
Special Rates
Retaliatory Tariff
Variable (up to 25%)
Applicable under specific geopolitical sanctions or retaliatory measures against the United States
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Imposes New Tariffs on Russian Imports in Specific HS Code Range
The United States announced additional tariffs on Russian goods valued between $2.70 and $8.45 each under specific HS codes, as part of ongoing economic sanctions amid geopolitical tensions.
2023-10-15
Impact: This is likely to reduce the import volume of these goods from Russia, increasing costs for U.S. importers and potentially shifting sourcing to other countries.
Russia Responds to U.S. Tariff Hike with Export Restrictions
In retaliation to U.S. tariffs on goods valued between $2.70 and $8.45 each, Russia has imposed export controls on similar HS code categories, affecting bilateral trade.
2023-11-02
Impact: U.S. businesses may face supply shortages and higher prices for affected goods, prompting a search for alternative suppliers.
Trade Volume Drops for U.S.-Russia HS Code Category Amid Sanctions
Recent data shows a significant decline in trade volume between the U.S. and Russia for items valued between $2.70 and $8.45 each, driven by sanctions and tariffs.
2023-12-10
Impact: The decline disrupts supply chains for U.S. companies reliant on Russian imports in this price range, potentially increasing costs and delivery times.
Policy Updates
U.S. Tariff Increase on Russian Goods in Specific Price Range
The U.S. Department of Commerce implemented a tariff increase on Russian imports valued between $2.70 and $8.45 each under targeted HS codes, effective immediately, as part of broader economic sanctions.
Date: 2023-10-01
Russia Introduces Export Licensing for Targeted HS Codes
Russia enacted a policy requiring export licenses for goods valued between $2.70 and $8.45 each under specific HS codes, in response to U.S. tariffs, complicating trade with the United States.
