Extracts from a Motley Fool article by Arjun Sreekumar published 17 May 2014
Shell clearly has significant exposure to Russia. The worst-case scenario for the company, as well as for BP and other companies operating in the nation, would be if the U.S. and European Union sanctioned Russia’s energy sector. Such economic penalties would make it problematic for Shell to maintain relations with Gazprom… As I understand it, such a sanction, if imposed, would not impact Shell’s existing projects. However, it would affect new projects and expansion plans, including perhaps the proposed expansion of Sakhalin-2. It could also hamper Shell’s 50/50 joint venture with Gazprom in western Siberia’s Salym fields… I remain cautious about Shell’s exposure to Russia.
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