The trade turnover between the United States and Russia shows that 51 percent of all US imports account for petroleum products and minerals. The list continues with metals (14 percent) and precious metals and stones (14 percent). Cooperation with the Russian Federation is of great importance for the Americans.
Shipments of petroleum products account for a bulk of all goods that the United States buys from Russia. An increase in the cost of goods has already led to the suspension of certain production in the EU. Many of those branches were owned by US companies. The closure of production will affect them directly - oil shipments from Russia have been discontinued.
Gas prices in Europe climb to $2,300
Meanwhile, prices on natural gas in Europe have grown to $2,300 per barrel, according to trading data on the London ICE exchange. The growth in the cost of April futures by the end of the previous trading day had amounted to nearly 20 percent.
By the end of February, the countries of the region had already used up all the volumes that had been piped into underground gas storage facilities in the summer. During the recent weeks, gas prices have risen amid geopolitical tensions due to concerns about supplies from Russia.
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Russia's Federal Space Agency Roscosmos has stopped the deliveries of rocket engines manufactured by Energomash association to the United State.
"This is the RD-180 engine in the first place, which is used for the Atlas-5 rocket as the main engine, and the RD-181 engine, which is used as the first stage of the Antares rocket,” Dmitry Rogozin, Roscosmos CEO said, TASS reports.
"Let them now fly into space on their brooms," Rogozin added.
In addition, Russia is terminating cooperation with the United States on experiments conducted on board the International Space Station.
Due to restrictions, the Russian space program will have to be changed, the head of Roscosmos also said. First priority will be paid to defence satellites.
On February 24, US President Joe Biden pledged to impose sanctions against the Russian space program. The United States will block more than 50% of high-tech imports to Russia to harm the ability of the Russians to modernise their Armed Froces, Biden said.
