THE TINIEST RUSSIAN SANCTIONS
The latest round of US and EU sanctions are unlikely to bring the Russian energy sector to an immediate grinding halt. However, the range of sanctions focusing on energy technology potentially threatens two of the growth areas of the Russian energy sector, Arctic resources and shale oil development. From a Russian perspective, although the sanctions are potentially threatening there is time to adjust and take measures to offset their impact.
The latest package of Western sanctions focused on the energy technology towards Russia that was announced at the end of July. Sanctions are clearly targeted at potential growth sectors of the Russian energy economy where new energy technology…
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