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Ukraine Crisis Forces ‘Wait-and-See’ Approach to Arctic Oil

Extract from an article by published 14 April 2014 by

“Wait and see” is the order of the day for western oil and gas companies that have partnered — or hope to partner — with Russia to explore the Arctic’s enormous energy reserves. And with good reason. As Russia, Europe and the United States trade threats and sanctions in the wake of Russia’s armed takeover last month of Crimea in Ukraine, energy companies with Arctic designs have plenty of time to cool their heels.

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