Prospects of the US-Russia Trade Relations

This paper is devoted to the topic of the US-Russia economic and trade relations, more precisely to the subject of the factors affecting the integration of US-Russia bilateral economic relationship and the prospects of a closer relationship between two countries. This paper gives a summary of the factors affecting US-Russia trade and investment relations, analyses general trade flows, compares the current trends with predicted indicators of economic cooperation between Russia and the US using gravity model of trade as the main tool. This paper will also look at the prospects for bilateral cooperation and discuss the possible ways of improving the current state of US-Russia economic integration. An important indicative of its true depth is a gravity model used to determine the room for improvement of economic cooperation and enhancing the overall economic relationship between Russia and the US. The thesis consists of an introduction, three chapters, conclusion, bibliography and appendices. The structure of paper is the following: goals and objectives are set in the introduction, first chapter provides an overview of the current state of economic relations between Russia and the United States, second chapter is devoted to the gravity model of trade, which is used to explain bilateral trade flows, the third chapter examines the current state and prospects of bilateral cooperation between Russia and the United States. Finally, the conclusion provides an overview of all the points listed above.