how much did russia sell alaska to the us for
Alaska Purchase Russia continued to see an opportunity to weaken British power by causing British Columbia, including the Royal Navy base at Esquimalt, to be surrounded or annexed by American territory.[8] Following the Union victory in the Civil War, the Tsar instructed the Russian minister to the United States, Eduard de Stoeckl, to re-enter into negotiations with William H. Seward in the beginning of March 1867. President Johnson was entangled in negotiations about Reconstruction and Seward had alienated a number of Republicans, so they believed that the purchase would help divert attention from the domestic issues.[9] The negotiations concluded after an all-night session with the signing of the treaty at 04:00 on March 30, 1867,[10] with the purchase price set at $7.2 million ($105Â million in 2016), or about 2 cents per acre ($4.74/km2).[1][11]
Economy of Russia Russia has an upper-middle income[25] mixed economy with state ownership in strategic areas of the economy. Market reforms in the 1990s privatized much of Russian industry and agriculture, with notable exceptions to this privatization occurring in the energy and defense-related sectors.