Russian Sanctions Not Expected to Severely Target Energy Sector
2/24/2022
(Reuters) — New U.S. sanctions on Russia are not expected to severely target the energy sector, with Russian oil giant Rosneft not likely to be a target of the new sanctions package, Politico reported on Thursday, citing sources.
The focus of the sanctions will be on financial institutions, Politico reported.
U.S. President Joe Biden said on Thursday G7 leaders had agreed to move forward on "devastating packages of sanctions" and other economic measures to hold Russia accountable for its invasion of Ukraine
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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