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Sanctioning ghosts: Why US plans to hit Russia with fresh economic penalties will have little effect

RUSSIA, JUL 29 – Trade between the U.S. and Russia has dropped 90% since 2021, limiting the impact of new sanctions as Russia shifts to alternative partners, experts say.

Summary by The Conversation
Visitors pose next to the stand of Russian fertilizer producer Uralchem at the Saint Petersburg International Economic Forum on June 18, 2025. Olga Maltseva/AFP via Getty ImagesOne way or other, it looks like Russia could soon be slapped with a fresh round of U.S. sanctions. On July 23, 2025, a bipartisan push to impose a 500% levy on imports from Russia or any country buying Russian oil was put on hold – but only to allow President Donald Trump…

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The Conversation broke the news in on Tuesday, July 29, 2025.
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