US Russia Trade War: Why did US ban these Indian companies? The reason will surprise you
The US-Russia Trade War has dealt a serious hit to Indian businesses. In only the past two years, Russia's trade with the United States has plummeted to levels not seen since immediately following the fall of the Soviet Union thirty years ago. When comparing the first 11 months of 2023 to the same period in 2021, U.S. imports have decreased by 85% and exports to Russia have decreased by 91%. The most recent U.S. Census Bureau statistics, through November, shows an 86% decline in total trade.398 businesses from over a dozen nations, including Russia, China, Malaysia, Thailand, Turkey, and the United Arab Emirates, have been banned by the United States, including 19 Indian businesses. For all the details, watch the video through to the finish.