Bilateral trade between the countries jumped 50% from February to March, according to RIA Novosti
Russia and the US posted a 50% month-over-month uptick in bilateral trade in March, RIA Novosti reported on Thursday, citing customs data. The surge was reportedly driven by a significant increase in Moscow’s exports of fertilizers and other agricultural products to the US.
Russia faced unprecedented sanctions from the West following the escalation of the Ukraine conflict in February 2022. While Russian fertilizers and grain have not been directly targeted by the restrictions, the exports have been affected by financial, shipping, and insurance constraints introduced against Moscow.
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