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BP and Shell exposed as US prepares first warning shot against Russia’s oil and gas industry

Firms may be forced to curtail operations as G7 Screen Shot 2014-01-30 at 00.47.49powers prepare to launch new sanctions   

Extract from an article by  published1:28PM BST 27 Apr 2014 by The Telegraph

Britain’s top energy companies face an extremely delicate situation as the world’s G7 powers prepare to launch the next wave of sanctions against Russia, and may be forced to curtail operations or freeze certain commercial ties with the country. The US, Japan, Germany, Britain, France, Italy and Canada have agreed to “intensify targeted sanctions to increase the costs of Russia’s actions” – possibly as soon as Monday… The G7 is for now holding back Iranian-style “stage 3” sanctions against the whole Russian banking system, mining industry, or the oil and gas nexus. This nuclear option… Both BP and Shell said they remain committed to their long-term investments in Russia but are monitoring the situation closely.  

FULL ARTICLE

RELATED: New York Times: 27 April 2014:

Sanctions Revive Search for Secret Putin Fortune

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