In response to Russia’s attack on Ukraine, US President Joe Biden vowed to isolate and “cripple” the Russian economy. However, Moscow has been able to maintain its economic strength, in part by exporting over $1 billion per month in wood, metals, food and other goods to the US.
More than 3,600 ships from Russia have arrived at US ports since February 24, according to statistics cited by the Associated Press. While that is nearly half of the shipments over the same period compared to last year, it still amounts to over $6 billion in imports.
The number of Russian products entering US ports suggests Biden is falling short of his pledge to isolate Moscow’s economy. Due to so-called “wind down” periods that allow companies to complete previous deals, some of the goods continue to enter the country long after the White House announced sanctions on those products, including oil and gas. Paradoxically, other Russian imports, such as fertilizer, came at the request of the Biden admi...
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