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Sanctions: Bloomberg warns of ‘DefCon 5’ reprisal by Russia on Royal Dutch Shell

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By John Donovan

This morning the oil giant Royal Dutch Shell Plc announced its second quarter results.

In subsequent news coverage, Bloomberg commentators said they were stunned by the lack of comment by Shell on the risk of reprisals by Russia to the recent announcement of EU sanctions targeting the Russian  oil and gas industry.

Ryan Chilcote of Bloomberg raised the prospect of what he described as a Def Con 5 reprisal by Putin seizing Shell assets – see screenshot.

Extract

July 31 (Bloomberg) — Bloomberg’s Ryan Chilcote reviews second-quarter results from Shell and looks at the potential negative impact of their exposure to Russia. He speaks on “The Pulse.”

ACCESS TO RELEVANT BLOOMBERG VIDEO

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RELATED: Energy Companies Rethinking Russia After New Round of Sanctions: The New York Times 30 Jul 2014

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