EU sanctions try to put Russia’s Arctic drilling plans on ice
Russia’s oil and gas sector – the centrepiece of the Russian economy - is now being targeted with sanctions. These sanctions focus on the pillars of Russia’s post 2020 strategy – Arctic exploration and shale oil, but avoid gas and are unlikely to impact near term production.Rosneft and NOVATEK two of Russia’s largest companies are most immediately impacted. But IOC’s with equity stakes in Russian companies and Arctic or shale oil exploration projects with Russian companies are also impacted.
Table of contents
US-led financial sanctions
EU-led technology sanctions
Impact on the gas sector
Impact on the coal sector
Impact on the steel sector
Broader implications for the Russian energy sector
Tables and charts
This report includes 4 images and tables including:
Arctic and tight oil exploration with IOC participation.