Iraq/Kurdistan: What Did Russia Get from Its KRG Gamble?

Apr 15, 2019 | Mariya Petkova, Al Jazeera
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While the KRG has been reaping the benefit of these deals, Russia and Rosneft's gains from this high-risk investment are yet to materialise in full. In fact, pursuing these and other deals in 2017 got the Russian energy giant heavily in debt at a time when the Russian economy was just emerging from a two-year recession. It had to borrow some $17bn in that year alone and by 2018, its debt stood at $55bn, which worried investors.