Russian Oil Hits US Shores Under Sanction-Busting Loophole
Benzinga
Oil traders were puzzled on Thursday, Jan. 31, after a shipment of 10,000 barrels of Russian oil entered the U.S., considering it’s banned.
According to data from the Energy Information Administration (EIA), posted on X by Bloomberg’s commodities editor Javier Blas, the Russian shipment entered the port of Wilmington, Delaware, on Nov. 3.
However, Executive Order 14066 — one of the sanctions that followed Russia’s attempt to invade Ukraine in February 2022 — banned the import of oil of Russian o...
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