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United States (US) President Joe Biden announced on Wednesday, March 9, 2022, a ban on oil imports from Russia. According to data from the US Energy Information Administration (EIA), the US imported 245.19 billion barrels of oil from Russia in 2021, representing 8% of total oil imports that year.
This made Russia the third-largest oil supplier to the US. Canada was the largest, supplying 1.58 trillion barrels (51% of total US oil imports) in 2021. Mexico was second, with imports of 259.5 billion barrels (8.4% of total US oil imports). Saudi Arabia followed Russia, with imports of 156.88 billion barrels (5%).
Following the halt on Russian oil imports, the US plans to negotiate new import agreements with three countries: Saudi Arabia, Venezuela, and Iran. Venezuela was previously subject to US oil import sanctions.
Biden stated that Russian oil is no longer welcome in US ports. He said this ban would deliver a significant blow to Russia, which has long benefited from oil exports.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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