section_path: Economic ties
section_name: Economic ties
paragraph_text: Economic ties
  
  The U.S. Congress repealed the Jackson–Vanik amendment on November 16, 2012.
  
  "Last year was not particularly favorable for trade between Russia and the U.S. Our overall 2015 turnover was $21 billion, a decline of 27.9 percent," said a senior Russian official in April 2016.
  
  Reuters reported that U.S. companies "generated more than $90 billion in revenue from Russia in 2017." According to the AALEP, "there are almost 3,000 American companies in Russia, and the U.S. is also the leader in terms of foreign companies in Special Economic Zones, with 11 projects."
  
  The U.S. goods and services trade deficit with Russia was $11.2 billion in 2022.
  
  The following chart shows dollar figures from the US Census Bureau's Trade in Goods with Russia page: