The Australian government wants to begin talks for a free-trade agreement with the U.S. early next year which allows increase access to the world's largest economy.
Australian companies, from BHP Steel to News Corp., are going to receive additional A$4 billion ($2.2 billion) a year of sales through better access to the nation's second-biggest trading partner and largest source of foreign investment.
Trade between the two countries was worth about A$33.3 billion in 2001.
Free-trade is beneficial both for the US and Australian companies.
Kremlin's official spokesman Dmitry Peskov responded to US President Joe Biden's recent statement, in which he refused to recognize Crimea as Russia