Russian colonists established a fur-trading colony in Alaska, in the mid-18th century (1700s). Russian explorers also established trading posts as far south as Washington, Oregon, and Northern California. A Russian trading post existed roughly 50 miles north of the current site of the city of San Francisco.
The Alaskan colony was never very profitable for the Russians. In 1867, Russia sold Alaska to the United States for $7,200,000.
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