Insight
US sanctions on Russia in 2018: what's changed?
Report summary
US sanctions on Russia's upstream are back in the news. The geographical, financial and project-specific scope of sanctions has changed. The expansion of sanctions matters for IOCs and NOCs considering partnerships with targeted Russian upstream players. So what's changed and why does it matter? Despite the strengthening of sanctions, investors should not lose sight of the value-creation opportunities that remain with Russian players inside Russia and abroad. Russia has huge upstream potential and exciting exploration and production opportunities lie in areas not covered by sanctions. Russian players have shown themselves willing to involve IOCs and NOCs in these challenging frontier projects.
Table of contents
-
Executive summary
- Introduction
- Directive 4 action
- Exports down
- Countering Russia's oil production potential abroad
- Definitions matter
- Secondary sanctions in the world of America First
- Targeting Russian energy export pipelines
- Neither a borrower nor a lender be
- Conclusion
Tables and charts
This report includes 6 images and tables including:
- IOC joint ventures impacted by sanctions
- Joint ventures impacted by sanctions
- EU oil and gas equipment exports to Russia
- US oil and gas equipment exports to Russia
- IOC remaining upstream value in Russia
- Tenors of debt prohibited under Directive 2
What's included
This report contains:
Other reports you may be interested in
Insight
US sanctions hit Russia’s major coal producers
Impacts on seaborne thermal and metallurgical coal trade flows of US sanctions against major Russian coal producers.
$1,100
Asset Report
Pavlovskoe zinc mine project
Pavlovskoe project will consist in conventional open-pit mining. Production will be composed by zinc and lead concentrates.
$2,250
Asset Report
Tominsky copper mine project
A detailed analysis of the Tominsky copper mine project.
$2,250
