Mon Oct 16, 2006 7:00 AM ET
By Douglas Busvine
MOSCOW (Reuters) – Russia threatened Royal Dutch Shell on Monday with the full armoury of sanctions at its disposal if it fails to address environmental violations at its Sakhalin-2 project, which has run far over budget.
But, Resources Minister Yuri Trutnev said, Shell had no reason to fear for the future of the vast oil and gas project if it tackles a catalog of environmental concerns raised by Russian officials.
“If the company presents an exhaustive plan to remove environmental damage … then it is completely obvious that there will be no point in stopping the project,” Trutnev told reporters on the fringes of a meeting with foreign investors.