Description: As has been the case with most of the world's economies, the Russian economy has been hit hard by the current global financial crisis. Even before the financial crisis, however, Russia was showing signs of economic problems. Russian economic policies and performance raise important policy questions for the United States and the U.S.-Russian relationship which this report addresses. Might Russia's robust economic growth return? Is an economically strong Russia a threat or benefit to the United States? Is Russia following economic strategies that promote a market economy that underlies the international trade system manifested in the World Trade Organization?

Description: The United States and Russia signed a civilian nuclear cooperation agreement on May 6, 2008. President Bush submitted the agreement to Congress on May 13. This report discusses key policy issues related to that agreement, including future nuclear energy cooperation with Russia, U.S.-Russian bilateral relations, nonproliferation cooperation and Russia's policies toward Iran.

Description: At several meetings with Russian President Vladimir Putin, President George W. Bush stated that his administration will work with the Congress to grant Russia permanent 'normal trade relations" (PNTR) status. The change in Russia's trade status will require legislation to lift the restrictions currently applied to Russia under Title IV of the Trade Act of 1974, which includes the "freedom-of-emigration" requirements of the Jackson-Vanik amendment. The Bush Administration requested the 108th Congress to act. Two bills were introduced in the Senate and one in the House but none of them received further congressional action.

Description: On May 24, 2002, President Bush and Russia's President Putin signed the Strategic Offensive Reductions Treaty (known as the Treaty of Moscow) that will reduce strategic nuclear weapons to between 1,700 and 2,200 warheads by December 31, 2012. Russia convinced the United States to sign a legally binding treaty, but the United States rejected any limits and counting rules that would require the elimination of delivery vehicles and warheads removed from service. It wanted the flexibility to reduce its forces at its own pace, and to restore warheads to deployed forces if conditions warranted. Russian officials have hailed the success of Russia's diplomacy in convincing the United States to sign a legally binding Treaty that casts Russia as an equal partner in the arms control process.

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