More than three years after the onset of the full-scale aggression by the Russian Federation against Ukraine, the United States of America and the European Union continue to purchase Russian energy resources and other goods for significant amounts.
This is reported by Finway
Trade Volumes Between the US and Russia
In the first half of 2025, imports of Russian goods to the US decreased to $2.5 billion compared to $14.14 billion four years ago. However, since January 2022, American companies have imported goods from Russia totaling over $24.5 billion. Just last year, the US purchased Russian fertilizers worth $1.27 billion, which even exceeds the volumes of 2021, which were $1.14 billion. Additionally, in 2024, enriched uranium and plutonium were imported for approximately $624 million, as well as palladium for $878 million.
EU Trade Relations with Russia Remain Significant
The European Union has also imposed sanctions that led to a 61% reduction in exports to Russia and an 89% decrease in imports from Russia between the first quarter of 2022 and the second quarter of 2025. However, despite these restrictions, EU countries continue to buy oil, nickel, natural gas, fertilizers, pig iron, and steel from Russia.
As of the second quarter of 2025, the Russian Federation maintains its status as the largest supplier of fertilizers to the EU, with its share of the European fertilizer market increasing from 28% to 34% over the past four years.
“Imports of goods from Russia to the US fell to $2.5 billion in the first half of 2025 from $14.14 billion four years earlier, yet since January 2022, the States have imported Russian goods worth $24.51 billion.”