Russia: Fresh Sanctions Catch Russia's Oil Industry Off Guard

Sep 14, 2014 | Olesya Astakhova, Katya Golubkova, and Vladimir Soldatkin, Reuters, Business Insider
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MOSCOW (Reuters) - Fresh U.S. and EU sanctions imposed on Moscow will bring an abrupt halt to exploration of Russia's huge Arctic and shale oil reserves and complicate financing of existing Russian projects from the Caspian Sea to Iraq and Ghana.