The Kremlin wants to protect gas projects against sanctions
The USD 27 billion Russian natural gas project Yamal is now threatened by sanctions from the EU and the US. The Kremlin is working to prevent the project being impacted, according to Reuters.
BY LOUISE VOGDRUP-SCHMIDT
Russia's giant LNG prestige project, Yamal, worth USD 27 billion, needs to be protected from the EU and US sanctions currently placed on Russia, says president Vladimir Putin, who seems prepared to locate financing elsewhere if western banks and suppliers are unable to participate in the project. Several other Russian projects have already been hurt by the sanctions, according to Reuters.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Russian companies hit by Western sanctions
For subscribers
.jpg&w=384&q=75)