Abstract. Up to 60% of storage tanks in operation have uneven settlement of the outer bottom contour, which often leads to accidents. Russian and foreign regulatory documents have different requirements for strain limits of metal structures. There is an increasing need for harmonizing regulatory documents. The aim of this study is to theoretically justify and to assess the possibility of applying the U.S. standards for specifying the allowable settlement of storage tanks used in Russia. The allowable uneven settlement was calculated for a vertical steel tank (VST-20000) according to API-653, a standard of the American Petroleum Institute. The calculated allowable settlement levels were compared with those established by Russian standards. Based on the finite element method, the uneven settlement development process of a storage tank was modeled. Stressstrain state parameters of tank structures were obtained at the critical levels established in API-653. Relationships of maximum equivalent stresses in VST metal structures to the vertical settlement component for settlement zones of 6 to 72 m in length were determined. When the uneven settlement zone is 6 m in length, the limit state is found to be caused by 30-mm vertical settlement, while stresses in the wall exceed 330 MPa. When the uneven settlement zone is 36 m in length, stresses reach the yield point only at 100-mm vertical settlement.