Russian oil can enter the United States through the Bahamian loophole

Russian oil can enter the United States through the Bahamian loophole


An American refinery imported 10,000 barrels of Russian oil through a storage terminal in the Bahamas.

About this writes Bloomberg.

According to US Energy Information Administration spokesman Morgan Butterfield, the oil delivered to Wilmington, Delaware, in November did not violate US sanctions because it was exported from Russia to the Bahamas before March 8, 2022, when the sanctions took effect. He added that it was then mixed with other oil before being imported into the US.

According to the EIA and customs data, the shipment arrived at the oil refinery of PBF Energy Inc. in Delaware. According to Butterfield, the importer clarified that the mixed barrels were partly of Russian origin.

PBF’s cargo complies with U.S. sanctions against Russia, said Michael Karlovich, a spokesman for the refinery, without providing further details.

Also read: Sanctions against Russian oil are crumbling. What will the event do?

We will remind:

Sea shipments of crude oil from Russia fell down to a minimum of almost two months due to adverse weather and a Ukrainian drone strike that briefly halted the flow from a key export terminal in the Baltics.

Economic truth.



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