Kremlin says it’s trying to get ahead of sanctions

21 Dec 2017   Russia, USA

The Kremlin is working to figure out ways to maneuver around possible sanctions that could restrict Russia’s business opportunities, a spokesman said. Russia’s currency lost considerable value at the start of last year and the broader economy faced dual strains from lower crude oil prices and economic sanctions imposed after the 2014 annexation of the Crimean Peninsula from Ukraine. The U.S. Office of Foreign Assets Control in early November amended Russian sanctions with respect to the energy sector, blocking U.S. entities from helping with companies with “the potential” to produce oil in Russian territory or shale projects anywhere in the world. The amended list makes reference to projects “initiated on or after Jan. 29.” Kremlin spokesman Dmitry Peskov was quoted by […]

Comments are closed.