America returned and attacked Russia, once gave knowledge to India, now after 17 months started importing oil again

The US has resumed importing oil from Russia for the first time in more than a year, despite sanctions imposed on Moscow over its military intervention in Ukraine. According to the US Energy Information Administration (EIA), the US imported 36,800 barrels of Russian oil in October and 9,900 barrels in November, worth $2.7 million and $749,500, respectively. Imports are made possible by specific licenses granted by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), which oversees sanctions enforcement.

EIA data also showed that the US paid a premium for Russian oil, as the price of a barrel was $74 in October and $76 in November, well below the $60 a barrel target set by the US and its allies in 2022. Well above the “price range” of Rs. The price cap was part of a coordinated effort by the US, G7 countries, the EU, Switzerland and Australia to reduce Russia’s income from oil exports in response to its annexation of Crimea and support for separatists in eastern Ukraine.

The US imposed a ban on imports of oil, gas and other energy resources from Russia through March 2022, as well as other sanctions targeting Russian individuals, entities and sectors. However, OFAC has the authority to issue licenses for certain transactions that are otherwise prohibited by sanctions on a case-by-case basis. The reasons behind the US decision to resume imports of Russian oil are unclear, but some experts have speculated that it may be related to the global energy crisis, geopolitical tensions with China, or diplomatic efforts to resolve the Ukraine conflict. Could.