BILATERAL TRADE BETWEEN THE TWO SUPERPOWERS OF THE WORLD – THE UNITED STATES AND RUSSIA

GROUND REALITY OF THE RELATIONS BETWEEN THE UNITED STATES AND RUSSIA The United States and Russia have one of the most important foreign relations with each other. This relationship is the most critical and strategic relationship in the world. Both nations share and follow the same perspective and thought process toward nuclear security and safety, followed by counterterrorism and nonproliferation. Based on the reports released in the year 2015, the total exports from the US to Russia have generated jobs for almost 66 thousand people. The trade relations between the countries are also strong. According to the reports, the total trade that happened between the US and Russia in 2019 totaled approximately USD 35 billion. Exports from the US as per US Export Data were close to USD 11 billion and on the other hand, the US Import Data showed a figure of USD 13.1 billion. Based on the US Export Data for the year 2019, Russia was considered the 40 th biggest export partner of t...