Political and Legislative
How Could a Russian Invasion of Ukraine Affect the U.S. Economy?
A potential Russian invasion of Ukraine could negatively impact the pocketbooks of average Americans, who are already facing higher prices and rising inflation.
Moscow’s saber-rattling has led to moves to impose financial and economic sanctions, but a full-blown incursion could echo through markets worldwide, including for U.S. voters.
Trade between the U.S. and Russia totaled just $35 billion in 2019, according to White House data, 16 times smaller than the value of U.S.-China trade the following year. Russia is only the 20th largest supplier of U.S. goods imports and the 40th biggest export market for American producers.
