US lawmakers are already threatening Russia with economic sanctions over the crisis in Ukraine. Trade, business, investment, and G8 membership closely link the Russian, American and European economies.
While the West is considering going down the ‘sanction road’, here’s a look at what’s at stake for the markets.
Trade
In terms of billions of dollars, trade is higher between Russia and the EU, but the US remains Europe’s biggest export market.
Net trade between Russia and the US was $38.1 billion in 2013, according to US Chamber of Commerce data. The US exported $11.26 billion to Russia, and imported $26.96 billion worth of goods.