Russia and the U.S. currently have a trade turnover of $36 billion. A 35 year old U.S. law aimed at Soviet emigration policy is still holding back that potential, along with the latest twist in Russia's WTO bid.
Following the meeting of Presidents Medvedev and Obama, RT and the joint Business summit, RT was joined by Matthew Murray, Executive Director with the Center for Business Ethics, to look at the outcomes.
G8 leaders meet in Italy on Wednesday, with key decisions needed on food security, financial regulation, and climate change. But, the ongoing economic crisis will be the major challenge under consideration.
At the address by President’s Medvedev and Obama of business leaders from the Russian Union of Industrialists and Entrepreneurs and the American Chamber of Commerce, key figures talked up the future of business ties.
Russian stocks finished the week not far from where they started, with the shortened trading week in the U.S. helping to provide a respite after the sell off in June, ahead of the release of U.S. 2Q earnings reports.