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No Limit to Oil Investments
Energy

No Limit to Oil Investments

Russia will not limit the access to its oilfields for foreign companies despite sanctions, the country's Minister of Natural Resources and Environment Sergei Donskoi said on Wednesday. "Countries imposing sanctions have already introduced restrictions for its investors. If we impose something else, this would just be sand in the wheels," Donskoi was quoted as saying by RIA Novosti. According to the minister, a bill guaranteeing access to Russian oilfields for foreign companies will soon be considered by the government. "Today, we must create conditions for investments to continue and grow, so companies can work. We hope for the bill to be assessed this fall by the Russian government," he said. In 2014, the United States and a number of its allies imposed economic sanctions against Moscow following Crimea’s reunification with Russia.

 

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