Before Imposing Sanctions, the US Imported Billions of Barrels of Oil from Russia Annually
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The United States (US) officially banned oil imports from Russia on Wednesday, March 9th. This action was taken as a sanction against Russia for its invasion of Ukraine since late February 2022.
For about two decades, the US was one of the largest importers of oil from Russia before the imposition of these sanctions.
The US first imported oil from Russia in 1995. Import capacity at that time was recorded at only 9.07 billion barrels per year.
In subsequent years, the trend of US oil imports from Russia continued to increase, reaching its highest point in 2011. At that time, the US imported 227.77 billion barrels of oil from Russia.
Although US imports subsequently decreased, the amount consistently remained above 100 billion barrels per year, as shown in the graph.
Finally, in 2021, the US imported 245.19 billion barrels of oil from Russia. This import capacity was the highest since 1995.
In 2021, supplies from Russia accounted for 8% of total US oil imports. Russia ranked behind Canada, whose oil supply to the US reached 51%, and Saudi Arabia at 8.3%.
(See also: 8% of US Oil Imports Came from Russia)
"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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