Can the US trade with Belarus?

Since early 2000s, the United States has been one of the leading trade partners of Belarus, ranking from 5th to 6th in terms of trade turnover with the countries outside the Commonwealth of Independent States. In 2018 U.S. foreign investment to Belarus made up $71.8 million.

What do we import from Belarus?

Belarus mostly imports crude oil, machinery and transport equipment, manufactured goods, chemicals, iron and steel, and food and live animals. Belarus’ main import partners are Russia, Germany, the Ukraine, China and Venezuela. .

What does the US trade with Russia?

Of the $5.8 billion in U.S. exports to Russia in 2016, the top commodity sectors were transportation equipment (33.9%), machinery and mechanical appliances (31.0%), and chemicals, plastics, and leather products (13.9%).

Does the US have diplomatic relations with Belarus?

The United States supports a sovereign, independent Belarus which respects the rights and voices of the Belarusian people. On December 25, 1991, the United States recognized the independence of the Republic of Belarus, and on December 28, 1991, Belarus and the United States established diplomatic relations.

What language do they speak in Belarus?

Belarus/Official languages

Are Russia and Belarus allies?

The two countries share a land border and constitute the supranational Union State. Several treaties have been concluded between the two nations bilaterally. Russia is Belarus’ largest and most important economic and political partner.

Why is Belarus poor?

Belarus has one of the lowest poverty rates in Europe, but economic growth is anemic due to archaic state-run industries and the ending of Russian energy subsidies. A strong state-owned industrial and agriculture sector, inherited from the USSR, has allowed the country to almost eradicate poverty.

Why is Belarus unemployment so low?

The Belarusian authorities proudly report that the level of unemployment in Belarus is around 1%. A relatively low unemployment level during conditions of a production slump is maintained mostly by the labor force surplus in large enterprises.

Who is Russia’s biggest trading partner?

The EU
The EU is Russia’s biggest trade partner, accounting for 37.3% of the country’s total trade in goods with the world in 2020. 36.5% of Russia’s imports came from the EU and 37.9% of its exports went to the EU. Russia is the origin of 26% of the EU’s oil imports and 40% of the EU’s gas imports*.

Does the US buy anything from Russia?

Russia was the United States’ 20th largest supplier of goods imports in 2019. U.S. goods imports from Russia totaled $22.3 billion in 2019, up 6.8% ($1.4 billion) from 2018, and up 22.3% from 2009.

What is the US relationship with Russia?

Russia and the United States maintain one of the most important, critical, and strategic foreign relations in the world. Both nations have shared interests in nuclear safety and security, nonproliferation, counterterrorism, and space exploration.

Is Belarus a poor country?

Belarus has one of the lowest poverty rates in Europe, but economic growth is anemic due to archaic state-run industries and the ending of Russian energy subsidies. Its biggest political crisis is even more of a threat. It may not be wealthy, but income inequality in Belarus is lower than in Russia and Ukraine.

What did the United States do about Belarus?

Belarus is eligible for Export-Import Bank short-term financing insurance for U.S. investments, but because of the adverse business climate, no projects have been initiated. In early September 2001, the United States condemned Belarus for having irregularities in the recent election, causing Alexander Lukashenko to be re-elected.

When did US relations with Belarus turn sour?

Interstate relations between the United States and Belarus began in 1991 upon the dissolution of the Soviet Union, of which Belarus had been a part. However, the relations have turned sour due to accusations by the United States that Belarus has been violating human rights.

When do the US and Belarus exchange ambassadors?

In 2019, the United States and Belarus announced they would exchange ambassadors as the next step in normalizing bilateral relations. Increased engagement depends on Belarus making additional progress on human rights and democracy issues.

Is it legal to do business with Belarus?

It may be in your and the U.S. government’s interest to authorize particular economic activity related to the Belarus Sanctions. Certain activities related to the Belarus Sanctions may be allowed if they are licensed by OFAC. Visit the link below to apply for an OFAC license.