U.S. Manufacturers Head to Moscow (CNBC)

U.S. exports to Russia surge amid growing spending on infrastructure, consumer goods.

U.S. manufacturers are turning their attention to Russia as that nation increases its consumption of machinery, consumer goods and services, AP reports. U.S. exports to Russia were up 29% in the first eight months of this year versus last year, and are expected to exceed $10 billion for the year.

International Paper, Caterpillar and Deere are among the companies investing in Russia. Caterpillar says Russia could become its No. 1 export market, up from tenth biggest currently. And the Association of Equipment Manufacturers says Russia buys more U.S.-made construction equipment than China does.

 

See the full story here.

Comments