US EditionBrussels Confirms Energy Security Intact Despite US Measures Against Lukoil and Rosneft - Novinite.com - Sofia News Agency
10 Articles
10 Articles
US sanctions start to affect Russia’s energy giants
US sanctions against Russia’s two biggest oil companies are already having an impact. The White House imposed the penalties on Rosneft and Lukoil last week, prohibiting US companies from doing business with the pair, which together account for more than half of Russia’s oil production. In response, Lukoil said on Monday that it was already soliciting bids for its international assets. Moscow separately announced over the weekend that it had test…
Out of anger at Putin's lack of peace will, US President Trump imposes sanctions on two Russian oil giants. Lukoil now reacts and conducts his entire foreign business. Interested parties can already bid.
On 22 October Washington announced sanctions against two Russian oil giants, Rosneft and Lukoil, with the aim of amputating Russia's financial manna and leading it to the negotiating table for a ceasefire in Ukraine.
Brussels Confirms Energy Security Intact Despite US Measures Against Lukoil and Rosneft - Novinite.com - Sofia News Agency
The European Commission has stated that it does not currently see any risk to the EU’s energy security following the recent US sanctions imposed on Russian oil companies Lukoil and Rosneft. Responding to media inquiries, Commission spokeswoman Anna-Kaisa Itkonen explained that member states are legally required to maintain oil reserves sufficient for 90 days of consumption. She added that Brussels remains in close contact with national authoriti…
On 22 October, the US Ministry of Finance announced sanctions against two Russian oil giants, Rosneft and Lukoil. Although they will not be enough to precipitate the collapse of the Russian economy, it is a remarkable first step, comments the Süddeutsche Zeitung.
Russia’s hydrocarbon export revenues are declining, but the EU still purchases the largest share of Russian gas.
Last week, the US imposed sanctions on Russia’s two largest oil companies, Rosneft and Lukoil, in order to weaken Moscow’s ability to fund its military efforts. The sanctions mean that companies buying Russian oil risk losing access to the dollar-based financial system. From January to September this year, 86% of Russia’s crude oil exports went to China and India. If Moscow loses access to these markets, its monthly revenues could drop by about …
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