Goodbye, America: Russia sanctions could hit US medical, tech industries
http://www.dw.com/en/goodbye-america-russia-sanctions-could-hit-us-medical-tech-industries/a-43413219
It serves as Russia's answer to US sanctions from April 6, which are the most severe since the annexation of Crimea in 2014. Targeting top Russian companies and public officials, the sanctions take aim at Russia's stock and currency exchanges for what the US calls Russia's "malicious activities" around the world, including in Ukraine and Syria.
Russia's reaction forms a legal basis for tit-for-tat sanctions, stemming from the US Congress's passing of CAATSA (Countering Americas's Adversaries Through Sanctions Act) in the summer of 2017. US-Russia trade is not particularly large: $24 billion in 2017, according to Russian state news agency RIA, with $17 billion of Russian goods and services sold to the US and $7 billion sold to Russia. That makes it difficult for Russia to hurt the US with sanctions.
The sanctions bill also threatens to end US-Russian cooperation in the fields of atomic energy, aircraft production and rocket systems. That could affect Boeing, which imports titanium from Russia. An end to sales of rare earth metals could cause trouble for private US space companies, such as United Launch Alliance (ULA), a joint venture between Boeing and Lockheed Martin. ULA's Atlas V rocket uses the Russian RD-180 engine. The US Congress had already requested the country's aerospace sector to stop buying Russian-made engines following the Crimea annexation, but lacking alternatives, sales continued.