{"id":77866,"date":"2024-04-08T00:00:00","date_gmt":"2024-04-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/russia-is-struggling-to-repair-its-refineries-amid-us-sanctions-us-trade-deficit-inches-up-in-february\/"},"modified":"2024-04-08T00:00:00","modified_gmt":"2024-04-08T00:00:00","slug":"russia-is-struggling-to-repair-its-refineries-amid-us-sanctions-us-trade-deficit-inches-up-in-february","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/04\/08\/russia-is-struggling-to-repair-its-refineries-amid-us-sanctions-us-trade-deficit-inches-up-in-february\/","title":{"rendered":"Russia is struggling to repair its refineries amid US sanctions + US trade deficit inches up in February"},"content":{"rendered":"

Russia is struggling to repair its refineries amid US sanctions<\/strong>, as engineers face challenges sourcing US-made parts damaged in a string of Ukrainian drone strikes<\/a>, sources close to Russian oil giant Lukoil told Reuters<\/a> on Thursday. A broken turbine at Lukoil-owned Norsi refinery, Russia\u2019s fourth largest, saw the facility\u2019s output cut by some 40%, with a US-based company standing as the only one capable of making the repairs, sources said. Ukrainian attacks have hit at least a dozen refineries in Russia so far this year, shutting down 14% of Russia\u2019s refining capacity in this year\u2019s first quarter, according to Reuters\u2019 calculations. Meanwhile US-based Honeywell, a key supplier of spare parts, is working hard to disrupt parts getting to Russia via third parties, as the company looks to maintain compliance with sanctions, the newswire said citing a company email. <\/p>\n

The <\/strong>US trade deficit inched up 1.9% y-o-y to USD 68.9 bn in February<\/strong>, a near-yearly peak, Bloomberg<\/a> reported on Thursday, citing Commerce Department data. Imports increased to USD 332 bn, driven by gains in capital goods such as mobile phones, foods, and motor vehicles, the outlet said. Exports reached USD 263 bn, boosted by a rise in shipments of civilian aircraft and crude oil. Adjusted for inflation, the trade deficit reached USD 87 bn in February, the largest since July.<\/p>\n

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