Russia producers nearly tripled shipments of oil to the United States in 2021. In 2020, the United States imported from Russia on average 76,000 barrels per day (bpd), while in 2021, that figure rose to 209,000 bpd, according to data from the Energy Information Administration (EIA) of the U.S. Department of Energy. Russian crude accounts for only three percent of U.S. crude oil imports and about one percent of total crude oil processed by U.S. refineries—Russian crude oil imports are important to refineries on the West Coast and Gulf Coast.
GASOLINE:
In 2021, Russia accounted for 21% of all U.S. gasoline imports, with Canada second at 17%. By value, Russian imports increased 71.05%, which is slightly less than gasoline imports from the world, which increased 80.53%. The Russian total was $12.78 billion.
NATURAL GAS:
In 2020, about 98% of U.S. total annual natural gas imports were from Canada and nearly all by pipelines. About 2% of total U.S. natural gas imports came as LNG, of which 80% were from Trinidad and Tobago.
100%
North Macedonia, Bosnia
Herzegovina and Moldova
94%
Finland
93%
Latvia
77%
Bulgaria
49%
Germany
46%
Italy
40%
Poland
24%
France
11%
Netherlands
10%
Romania
1%
Georgia
0%
Ireland
Ukraine
Source: Statista
It seems that this banking action would disrupt Russian natural gas sales which many nations depend on. I'm not sure what effect this will have on Russian gas sales -- can't be good -- but a lot of customers depend on their natural gas. Guess why Russia decided to attack in the winter?
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the world's main banking messaging service, linking around 11,000 banks and institutions in more than 200 countries, including India. Based in Belgium, the system is considered central to the smooth functioning of global finances and Russia's exclusion from it would hit the country hard.
Seeking to cripple Russia's economy for invading Ukraine, the US and its key allies have decided to expel selected Russian banks from the SWIFT financial messaging system and impose restrictive measures on its central bank to limit Moscow's ability to access its overseas reserves. The leaders of the US, the European Commission, France, Germany, Italy, the UK and Canada on Saturday also decided to launch a joint task force to hunt down assets of sanctioned Russian companies and oligarchs.