This is the price that US is potentially going to pay - will the rest of the world recognize that? At stake from the worst East-West crisis since the Cold War is goods trade between the two countries that was worth about $38 billion in 2013. Machinery, vehicles and aircraft lead the list of U.S. exports to Russia, which in turn exports crude oil, iron, steel and platinum to the United States, among other things. U.S. companies also have $14 billion in direct investment in Russia, with about half that amount coming the other way, and mutual fund and hedge fund investments in Russian companies, many of them state-owned, is much higher. Oil major ExxonMobil and aircraft maker Boeing are two companies with strong links to Russia and involved in joint ventures with Russian partners. Other U.S. companies active in Russia include Chevron Corp, General Electric Co, Caterpillar Inc, John Deere, Ford Motor Co, General Motors Co, PepsiCo Inc, Mars, Cargill Inc, and Kraft Foods.
Posted on: Fri, 21 Mar 2014 06:40:08 +0000
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