U.S. Puts Russian Gas Field Off Limits as Sanctions Tighten
The U.S. declared one of Russia’s largest offshore oil and natural gas fields off limits to American tools and expertise, potentially disrupting Royal Dutch Shell Plc’s plans…
SHELL CEO BEN VAN BEURDEN INTERVIEW ON CNBC SEPT 2014
Stephen Bierman, Elena Mazneva andJoe CarrollL BLOOMBERG.COM: 7 AUGUST 2015
The U.S. declared one of Russia’s largest offshore oil and natural gas fields off limits to American tools and expertise, potentially disrupting Royal Dutch Shell Plc’s plans to liquefy the fossil fuel for export.
Sanctions imposed to punish Russian President Vladimir Putin’s regime for the annexation of Crimea and support for Ukrainian separatists were expanded to bar the transport of U.S.-made equipment to Gazprom PJSC’s Yuzhno-Kirinskoye field off Russia’s eastern coast, according to a U.S. Department of Commerce statement on Friday.
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