Russia's Economic Performance and Policies and Their Implications for the United States [May 30, 2008]   [open pdf - 171KB]

"Although its influence has been greatly diminished since the Soviet period, Russia remains a formidable force on the global stage, and its influence seems to be growing. Russia's economy is large enough to influence global economic conditions. Many European countries and former Soviet states are highly dependent on Russian natural gas. Russia is a significant player on a number of issues critical to the United States, for example, nuclear proliferation by Iran and North Korea. Russia's perceived national interests do not always match those of the United States, creating an environment for disagreement if not conflict. While U.S. exports to Russia are still relatively small, for some producers, such as poultry, energy equipment, and technology, Russia is an important market. Russia is also an important supplier of a number of raw materials that are critical to U.S. manufacturers. These links have drawn the attention of some Members of Congress. Hearings have recently been held on Russian economic performance and policies. Congress may consider in the near future whether to extend permanent normal trade relations (PNTR) status to Russia as Russia pursues accession to the World Trade Organization (WTO). This report on Russian economic conditions and policies will be updated as events warrant."

Report Number:
CRS Report for Congress, RL34512
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