Russian Trade with the United States

February 14, 1924

Report Outline
Special Focus

Russia has been called the “largest single market in the world.” American business men, anxious to participate in trade opportunities believed to exist in Russia, have brought considerable pressure upon the State Department from time to time to alter its attitude toward the Soviet Government. This pressure has been renewed, following the extension of de jure recognition to the existing Russian Government by the Labor Government of Great Britain. Trade opportunities provide one of the principal talking points for that group in the Senate that is seeking to bring about a resumption of diplomatic relations between Russia and the United States. The following study is intended to bring out the past and present trade relationships between the two countries and the factors, which are likely to have an important bearing on future trade possibilities.

Present Limitations on Trade with Russia

The United States Government places no restriction on trade with Russia, except that it does not approve American citizens taking over from the Soviet Government the confiscated property of private individuals. The fact that the Soviet Government has not been recognized deprives American citizens of diplomatic protection in respect to their dealings in Russia, but notwithstanding this lack of protection a certain amount of trade is at present being carried on and has been in progress for several years.

While the Soviet authorities have announced that preference in purchases abroad is being given those nations with which the Russian Government has diplomatic relations or commercial treaties, the fact that Great Britain and Germany have secured the largest share in Russian trade is due primarily to the circumstance that these nations are and have been for many years the principal markets for Russian exports.

ISSUE TRACKER for Related Reports
U.S.-Soviet Relations
Sep. 14, 1990  The Western Alliance After the Cold War
Feb. 10, 1989  Soviet Trade: In America's Best Interest?
Nov. 01, 1985  U.S.-Soviet Summitry
Jul. 09, 1982  Controlling Scientific Information
May 25, 1973  Trends in U.S.-Soviet Relations
Apr. 05, 1972  Russia's Diplomatic Offensive
Feb. 09, 1972  Trading with Communist Nations
Mar. 10, 1971  Indian Ocean Policy
Apr. 21, 1965  Negotiations with Communists
Nov. 13, 1963  Scientific Cooperation with the Soviet Union
Oct. 03, 1963  Trade with the Communists
Sep. 11, 1963  Non-Aggression Pacts and Surprise Attack
Oct. 11, 1961  East-West Negotiations
Mar. 29, 1961  Russia and United Nations
Aug. 10, 1960  Challenged Monroe Doctrine
Sep. 02, 1959  American-Soviet Trade
Jul. 03, 1959  Cultural Exchanges with Soviet Russia
Aug. 11, 1958  Conference Diplomacy
Jul. 23, 1958  Limited War
May 14, 1958  Cold War Propaganda
Feb. 26, 1958  Military Disengagement
Feb. 20, 1957  Indirect Aggression
Jul. 25, 1956  Trading with Communists
Jan. 11, 1956  Economic Cold War
Nov. 26, 1954  Peaceful Coexistence
Dec. 01, 1953  Tests of Allied Unity
Sep. 18, 1953  Negotiating with the Reds
Jun. 17, 1953  East-West Trade
Apr. 12, 1951  Non-Military Weapons in Cold-War Offensive
Apr. 20, 1949  Mediterranean Pact and Near East Security
Apr. 28, 1948  Trade with Russia
Sep. 11, 1946  Loyalty in Government
Jul. 31, 1946  Arctic Defenses
Apr. 01, 1943  American and British Relations with Russia
Feb. 24, 1933  Soviet-American Political and Trade Relations
Nov. 03, 1931  Russian-American Relations
Feb. 14, 1924  Russian Trade with the United States
Bilateral and Regional Trade
Regional Political Affairs: Russia and the Former Soviet Union