Gazprom feels the heat
New US sanctions on Russia may create problems for the country's gas export giant
Donald Trump's America was supposed to be a friend to Russia. But new US sanctions—engineered by Congress, not the White House—are revising opinions. The new measures have some bite, and may even endanger the completion of Gazprom pipelines to Europe as well as jeopardise the gas-export monopoly's alliances with other Western partners. Gazprom certainly thinks so. It made the admission in that the new sanctions could threaten construction of Nord Stream 2 and Turkish Stream in a Eurobond prospectus issued in mid-July, before Trump grudgingly signed off Congress's bill on 2 August. US lawmakers said the new sanctions are a response to Russian aggression in Ukraine and efforts to influence the
Also in this section
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them