Thursday, August 10, 2017
Impact of old and new sanctions on Russia's oil industry
New US sanctions make it harder for President Donald Trump to relax or reverse sanctions on Russia's energy sector but do not radically change existing restrictions. The Russian oil industry has responded since 2014 by seeking alternative sources of capital. Gas firms have been targeted less by restrictions, although the new US bill singles out Gazprom's Nord Stream 2 project for potential punitive action.