Russian oil: Exporting to USA surprises the world

Russia's oil sales to the United States reached a six-year high according to data from the Energy Information Administration (EIA). The U.S. imported 61,750,000 barrels of crude oil and petroleum products from the Russians between January and May 2019, exceeding the 56 million of BDP in the same period in 2018.

Analyzing the EIA figures, according to the RBC news portal, oil sales for Americans reached almost $3 billion in the first half of this year, compared to US $1.6 billion in the same period last year. In this way, Russia surpassed Venezuela — which suffered a strong decline in its exports due to the recent sanctions imposed by the Trump government — and became the eighth-largest oil exporter for the United States, RBC said. In terms of sales to the U.S. in the oil sector, the Russians lose only to Canada.

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In January, the United States imposed trade sanctions on Venezuela's most important business: production and sale of crude oil, which accounts for more than 95% of Venezuelan export revenues. Thus, the production of the countries fell by 40%.

This month, the U.S. imposed a widespread freezing of Venezuela's assets on U.S. territory and threatened to punish any company that worked with the government of Nicolas Maduro.

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