President Joe Biden’s economic pressures on Russia didn’t stop the United States from reportedly setting a new record in fertilizer imports as other negotiations crumbled.
Leading up to the February 2022 invasion of Ukraine by Russia, Biden repeatedly touted his sanctions aimed at deterring aggression that was already underway. However, as restrictions were countered by Russian President Vladimir Putin who suspended fertilizer and grain exports, threatening global food supplies, reports indicated America ramped up purchasing to nearly $1 billion.
As outlined in a post on X, “In the period from January to July, the USA increased its purchase of Russian fertilizer to a record 944 million dollars, according to RIA Novosti (Russian state-owned domestic news agency) in an analysis of data from the American Statistical Service.”
“The previous maximum was recorded last year, when purchase costs in seven months reached 900 million dollars. The value of exports increased by five percent this year,” the report added. “This year, Russia took second place in the delivery of fertilizers to the United States. Canada is in first place. Saudi Arabia, Israel and Qatar are also in the top five.”
The USA imported a record amount of fertilizer from Russia
▪️ In the period from January to July, the USA increased its purchase of Russian fertilizer to a record 944 million dollars, according to RIA Novosti in an analysis of data from the American Statistical Service.
— Sprinter (@Sprinter99800) September 17, 2023
Corroborating reports were provided by fellow BRICS nation outlets that included China’s Xinhua and The New Indian Express. The latter had cited a government official who said, “Russia was compelled to sell fertilizers to India due to a lack of demand from Europe, resulting in lower prices compared to those from Morocco and Jordan. However, with Europe and America now starting to import from Russia, there is speculation that Russia may shift its preference away from India.”
The record importation by the United States preceded Russia’s backing out of a deal brokered by the United Nations and Turkey on July 17.
Kremlin officials had argued that their expectations for the deal that allowed Ukrainian shipping vessels to transport grain through the Black Sea unmolested had gone unmet, as reported by the Associated Press.
Still, as of Saturday, two cargo ships arrived at the seaport of Chornomosrk in Ukraine’s southern Odesa region, making them the first to do so since Russia exited the grain deal. They are expected to transport around 20,000 tons of wheat to Asia and Africa.
At the time the deal had been signed, UN Secretary-General António Guterres had said “This is an agreement for the world. It will bring relief for developing countries on the edge of bankruptcy and the most vulnerable people on the edge of famine, and it will help stabilize global food prices.”
The United States wasn’t alone in increasing imports of Russian fertilizer as Germany’s statistical office indicated an uptick of more than three times reaching a record $151.3 million for the first half of the year compared to a roughly $45.5 million average over the previous five years.
Regarding the grain deal, Russian Foreign Minister Sergey Lavrov said recently that his country was prepared to re-up their commitments once their demands had been met.
DONATE TO BIZPAC REVIEW
Please help us! If you are fed up with letting radical big tech execs, phony fact-checkers, tyrannical liberals and a lying mainstream media have unprecedented power over your news please consider making a donation to BPR to help us fight them. Now is the time. Truth has never been more critical!
- Chilling poll shows one-third of Dems say Americans have ‘too much freedom to speak freely’ - September 26, 2023
- Migrants brazenly hoist foreign flag Texas island as border crisis rages - September 26, 2023
- Trump calls on House GOP to ‘SHUT IT DOWN,’ says it’s time Republicans ‘learned how to fight! - September 25, 2023
We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the ∨ icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.