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US slashed oil import from Russia fourfold from March 5 to 11

Deliveries of Russian crude oil to the US stood at 148,000 barrels from February 26 to March 4

MOSCOW, March 16. /TASS/. The United States continued oil imports from Russia but lowered deliveries nearly fourfold on a week basis to 38,000 barrels daily, according to data of the US Energy Information Administration (EIA).

Deliveries of Russian crude oil to the US stood at 148,000 barrels from February 26 to March 4.

US President Joe Biden signed the executive order on March 8 banning import of energy resources from Russia. The Department of the Treasury set the deadline to complete import transactions as April 22. Oil import transactions with the Caspian Pipeline Consortium (CPC) are not banned because the executive order allows import of energy resources not originating from Russia, which are carried by transit via Russia or are exported from it.

In 2021, Russian crude oil deliveries to the United States surged 2.7-fold in annual terms to 72.6 mln barrels or 3.3% of total US imports.

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