US Imported $6 Billion From Russia as It Forces Others to Quit Doing Business with Moscow – Centre for Research on Globalization

The US is currently importing over $1 billion per month in Russian wood, metals, food and other goods. More than 3,600 ships from Russia have arrived at American ports since February 24, according to statistics cited by the Associated Press. While that is nearly 50% less in shipments over the same period compared to last year, it still amounts to over $6 billion in imports. The sheer quantity of goods and commodities from Russia entering the US suggests the troubled Biden administration is directly involved in a failure to “isolate“ the Russian economy, as the US incumbent president promised in late February. Due to so-called “wind down“ periods that allow companies to complete previous deals, many of the products and commodities continue to be imported into the US long after the Biden administration imposed sanctions on those goods, including Russian oil and natural gas.

However, there are exceptions to this as well. The import of other crucial Russian commodities, such as fertilizer, came at the request of the Biden administration itself, which has urged US companies to make up for shortages. Although the US has ordered the seizure of luxury yachts owned by rich Russians with supposed “ties to Russian President Vladimir Putin“, the AP found that many companies from the US and EU are still importing millions of dollars in metal from a Russian firm that makes parts for VKS (Russian Aerospace Forces) fighter jets, highlighting yet another hypocritical discrepancy in Western sanctions campaign. And yet, Washington is trying to exert diplomatic pressure on others to stop doing business with Moscow. While many have followed the US diktat, others are not only keeping their economic ties with Russia, but are even expanding them. For instance, Turkey, a NATO member since 1952, has doubled its oil imports from Russia this year.

This hypocritical approach has made many other countries, including major global powers, such as India, frustrated, as they are being criticized for their ties with Russia, while the US gets to cherry pick which ties with Moscow it can keep in order to prevent disruptions to its economy. This has nearly nullified the US attempts to strengthen ties with India and get New Delhi into its fold, despite the fact that American troops are currently engaged in military exercises with their Indian counterparts. And yet, just like Turkey, New Delhi has similarly significantly increased energy imports from Russia, despite US pressure not to do so. In addition, the Indian rupee has become a major currency for the diamond trade, allowing buyers to bypass anti-Russian sanctions, pushing India even closer to Moscow in this regard.

US Imported $6 Billion From Russia as It Forces Others to Quit Doing Business with Moscow – Global ResearchGlobal Research – Centre for Research on Globalization