Oil companies of the United States and the EU bypass the sanctions adopted against the Russian Federation
According to the newspaper, international companies such as the American ExxonMobil Corporation and the British BP are in dire need of Russian fossil fuels. “In the hope of developing some of the largest and most promising oil and gas fields in Siberia and the Arctic, these companies have invested millions in Russia”- writes the Washington Times.
The newspaper notes that “until now, joint sanctions by the US and the EU had no effect on the processes taking place in the energy sector of the Russian Federation”, which, by the way, bring Europe no less benefit than Russia itself.
According to the newspaper, the sanctions were designed in such a way as not to cause significant harm to the energy sector, in this regard, "oil companies continue to openly cooperate with companies such as Rosneft".
From the very beginning, Western oil firms "defied US and EU attempts to isolate Vladimir Putin." For example, the general director of BP, Bob Dudley, after announcing a joint project with the company Rosneft, stated:
Last week, representatives of BP made another statement, pointing out that “any disruption of relations with Rosneft will have a negative impact on their business and strategic tasks in the Russian Federation, on the level of income, production and reserves, investment and reputation.”
The publication writes that BP has the closest ties with the Russian Federation from all Western companies. In addition, yesterday, President Putin called the American "ExxonMobil" involved in the development of fields in the Arctic Ocean "a long-standing and reliable partner".
The newspaper notes that representatives of ExxonMobil, which has extensive investments in the Russian Federation, reassured investors a few days ago, explaining to them that nothing had changed in their plans. And they called the joint project on gas production on Sakhalin one of the “main achievements” of their company.
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