The USA has announced new sanctions on Russia, due to the Russia-Ukraine war. The new sanctions imposed on Russia cease to target major industries of Russia such as industrial, technological, and manufacturing. The implementation of the previous sanctions and bans, however, are creating ripple effects in the global prices of oil/gas and by default, causing the US to suffer with the same. The new decision also consists of a ban on the imports of gold made in Russia. US-Russia Bilateral Trade The bilateral trade between the USA and Russia amounts to a total value of $37.15 billion for 2021. The total imports in the USA coming from Russia amounted to $30.76 billion in 2021. The total exports of the USA
