USA and EC Sanctions – Russian oil and gas companies may be limited in technologies

The USA and Europe may impose new sanctions against Russia that will concern the oil and gas industry, which is a key sector for the country. It could be prohibited for foreigners to use new technologies in work with Russian companies in this sector. Sanctions can have an impact on the development of the shelf and difficult reserves. Such projects are at early stages, thus the effect from the restrictions will be suspended and risks of the Russians will be shared by their foreign partners in full measure. But Russian oil and gas companies need new technologies in the long-term perspective, however the companies don’t hurry to develop them.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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