Terraform import aws_cloudwatch_log_group.test is looping and not able to complete

Trying to run: terraform import aws_cloudwatch_log_group.test /tst2/lvp.17.0 and it goes in a loop with the following messages:

2022-03-04T07:41:51.628-0800 [INFO] provider.terraform-provider-aws_v3.74.3_x5: 2022/03/04 07:41:51 [DEBUG] [aws-sdk-go] DEBUG: Request sts/GetCallerIdentity Details:
—[ REQUEST POST-SIGN ]-----------------------------
POST / HTTP/1.1
Host: sts.amazonaws.com
User-Agent: APN/1.0 HashiCorp/1.0 Terraform/1.1.6 (+https://www.terraform.io) terraform-provider-aws/3.74.3 (+https://registry.terraform.io/providers/hashicorp/aws) aws-sdk-go/1.42.38 (go1.16; darwin; amd64)
Content-Length: 43
Authorization: AWS4-HMAC-SHA256 Credential=ASIAW3LNBHIITLZT3BI5/20220304/us-east-1/sts/aws4_request, SignedHeaders=content-length;content-type;host;x-amz-date;x-amz-security-token, Signature=1031cecf1b4e08a866fd8d06f02adaafdbdaf15fd64defe753d7d0ebbf28dffa
Content-Type: application/x-www-form-urlencoded; charset=utf-8
X-Amz-Date: 20220304T154151Z
X-Amz-Security-Token: FwoGZXIvYXdzEAgaDGjIWyhhEY92oCCKFSKrAWKXYy3U0OES4uha6ur9GODTD1Z1JI8PAC3Ul+VJqVd+ko4zTRve++CURlIm2vfSoGHtweE6JaYW27y+cS0Q1fsZDgRX1LzhfpfsmMAkU1us+nKc238SWYC3VGeCgh0RvcaibOBR9hVPJjTqDbObQFrZZEhdDym5j/1ZafDyBeqSJ6V5aAsw1BHi8kS+8FhAnQZz03m6eJgEsSpdprSj8C9nQCgDQLcKebzSOSivyYiRBjItx8GxOQ+ujX+Loo7L/PhAIYbVfOXnnIbqi7g5QnHp2NP4c0x6+uY9pk7/O8H+
Accept-Encoding: gzip

Action=GetCallerIdentity&Version=2011-06-15
-----------------------------------------------------: timestamp=2022-03-04T07:41:51.628-0800
2022-03-04T07:41:56.287-0800 [TRACE] dag/walk: vertex “aws_cloudwatch_log_group.test” is waiting for "provider["Terraform Registry
2022-03-04T07:41:56.287-0800 [TRACE] dag/walk: vertex “aws_cloudwatch_log_group.test (import id “/tst2/lvp_17.0”)” is waiting for "provider["Terraform Registry
2022-03-04T07:41:56.287-0800 [TRACE] dag/walk: vertex “root” is waiting for “provider[“Terraform Registry”] (close)”
2022-03-04T07:41:56.287-0800 [TRACE] dag/walk: vertex “provider[“Terraform Registry”] (close)” is waiting for “aws_cloudwatch_log_group.test (import id “/tst2/lvp_17.0”)”
2022-03-04T07:42:01.289-0800 [TRACE] dag/walk: vertex “root” is waiting for “provider[“Terraform Registry”] (close)”