The United States has reduced exports to Russia by 88% since the end of February

He said this while speaking at a congressional hearing.

“In general, US exports to Russia decreased by about 88% in value terms compared to the same period in 2021,” RIA Novosti quotes him.

Estevez explained that we are talking about the reporting period from February 24 to July 1.

Earlier, the US Treasury temporarily allowed operations with Gazprom's former subsidiary, Gazprom Germania GmbH, and lifted sanctions from Alfa-Bank's subsidiary in Kazakhstan.

In addition, the US Treasury allowed transactions with Russia related to fertilizers, food, seeds, medicines and medical equipment.