Post-Cold War U.S.-Russian diplomacy reveals the increased importance of new diplomatic actors and processes, whilst underscoring the continued key role of state-state negotiation in reconstructing the bilateral relationship between the United States and post-Soviet Russia. The Clinton administration and Yeltsin government negotiated measures to promote political stability, democratization, and conversion to a neoliberal market economy in Russia, a centrepiece of which was the integration of Russia’s globally competitive aerospace sector into the global production chain. Establishing the Gore-Chernomyrdin Commission, a top-level binational economic and technology policy committee, and signing a bilateral trade liberalization treaty on commercial satellite launch services paved the way for public-public and public-private bilateral space cooperation, and for major private joint ventures between US and Russian aerospace firms.