US Exports to Russia Hit Record Levels in May Despite Sanctions

MOSCOW, July 4 (RIA Novosti) – US exports to Russia rose 21 percent and reached a record high of $1.25 billion in May, according to the Bureau of Economic Analysis, an arm of the US Department of Commerce.

During the same month, American exports to the EU and China increased by only 2.5 percent and 2.2 percent, respectively.

US imports from Russia decreased by 8.5 percent in May, totaling $2.15 billion.

The US imposed sanctions on a number of Russian officials and companies following the country’s reunification with Crimea. Washington has also repeatedly threatened Moscow with tougher economic sanctions. Russia’s Foreign Ministry has called the measures counterproductive and warned of the boomerang effect they might have.

The US Chamber of Commerce and National Association of Manufacturers launched a campaign last week warning Washington against adopting new sanctions against Russia, saying the actions would harm American manufacturers and cost American jobs.

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