Six months into war, Russian goods still flowing to US

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Six months into war, Russian goods still flowing to US
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Hundreds of unsanctioned goods worth billions of dollars, including those found on the ship bound for Baltimore from St. Petersburg, Russia, continue to flow into U.S. ports.

BALTIMORE — On a hot, humid East Coast day this summer, a massive container ship pulled into the Port of Baltimore loaded with sheets of plywood, aluminum rods and radioactive material – all sourced from the fields, forests and factories of Russia.

“When we impose sanctions, it could disrupt global trade. So our job is to think about which sanctions deliver the most impact while also allowing global trade to work,” Ambassador Jim O’Brien, who heads the State Department’s Office of Sanctions Coordination, told the AP. A breakdown of imported goods from Russia shows some items are clearly legal and even encouraged by the Biden administration, like the more than 100 shipments of fertilizer that have arrived since the invasion. Now-banned products like Russian oil and gas continued to arrive in U.S. ports long after the announcement of sanctions due to “wind down” periods, allowing companies to complete existing contracts.

Russia and the U.S. were never major trading partners, and so sanctioning imports is only a very small slice of the retaliatory strategy. Restrictions on exports from the U.S. –- of technology in particular –- cause more damage to the Russian economy, and sanctioning the Russian Central Bank has frozen Russia’s access to roughly $600 billion in currency reserves held across the U.S. and Europe.

AP found more than 900 shipments totaling more than 264 million tons of metals since February. Russia is one of the largest producers of unwrought aluminum outside of China and a significant global exporter. But the war has affected that global market as well. Another metal importer, Tirus US, is owned by Russian company VSMPO-AVISMA, the world’s largest titanium producer. VSMPO also provides metal to the Russian military to build fighter jets. The company’s broad global footprint and specific product — titanium — underscores the challenges of isolating Russia from global trade. Tirus US sells titanium to more than 300 companies in 48 countries, including a range of U.S. buyers, from jewelry makers to aerospace companies.

He said that on top of the tariff, he had to put up an $800,000 bond to ensure he’d pay the tax, further driving up prices. “That means Russian oil will no longer be acceptable at U.S. ports, and the American people will deal another powerful blow to Putin’s war machine,” he said. Monroe spokesman Adam Gattuso said the company has not received any more Russian fuel and doesn’t “anticipate doing so for the foreseeable future.” Valero did not respond to requests for comment.

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