... MET.
From political perspectives, the OPEC+ decision to cut production is also beneficial. After the February statement of Mr. Novak regarding Russia’s intention to cut oil production, many critics interpreted it as a forced measure. They say the sanctions are doing their job, and Russia can no longer produce enough oil without Western technologies, trying to disguise the actual drop in production as a planned voluntary reduction. Following this logic, other producers also face problems, which is, surely, not true. Furthermore, Russia can present the OPEC+ decision ...
... countries that go ahead and implement the decisions of the "coalition". But the “coalition” itself has largely given up on Russian oil anyway. India, China and other friendly countries may not join, but Western carriers will not deliver Russian oil there.
Julia Melnikova:
‘Sanctions Storm’: Recovery After the Disaster
The initiators of the sanctions expect a number of schemes to be attempted to circumvent the new measures. The first is the formal observance of the price threshold, but manipulations with the price of transportation ...
... predictable. However, the United States, the EU and other initiators had to act cautiously, because Russia is a major player on the global market. US restrictions on the export of Iranian oil had little impact on the global market, whereas blocking sanctions against Russian oil companies could lead to uncontrollable price hikes. This could accelerate inflation, which was growing fast on the back of COVID-19 and other factors.
Ivan Timofeev:
Is It Possible to Lift Sanctions Against Russia? — No
Nevertheless, the sanctions ...
... Sources and the Nuclear Energy Sector
In late July 2022, the minister of economy, trade and industry
sent a clear signal to Japan’s oil traders
, saying that Japan’s government does not call on companies to continue with their refusal to purchase Russian oil as part of supporting Western sanctions since it is up to the companies alone to decide whom to purchase oil from. Clearly, this is a somewhat disingenuous statement as Japan’s government sets quotas on imports of energy resources and knows
ex officio
where these resources come ...
... relations, though the process is being complicated by Iraq’s precarious political situation and the global coronavirus crisis
Russia’s key business interests in Iraq lie in the energy sector and hinge on the global oil and gas market, and Russian oil giants are continuing to operate on the ground despite the novel coronavirus and volatile ... ....”
It also remains to be seen whether the two sides will cut a deal that entails different regional risks and could invite US sanctions. Besides, implementation would require a stable government in Baghdad. As snap parliamentary elections are possible ...
... northernmost region of the world. Despite ongoing constructive contacts within the Arctic Council, many of its members and observers maintain sanctions pressure on Russia.
In 2014, the US and the European Union (EU) introduced restrictive measures against the Russian Federation, which are actively associated with a notion of sanctions in the foreign doctrine [
1
].
Ivan Panichkin:
Arctic Oil and Gas Resource Development: Current Situation and Prospects?
However, it should be noted that the prevailing point of view in the Russian legal doctrine is that the notions of sanctions and unilateral restrictive measures should not be confused....
... likely to lobby for the liberalization of access to shelf deposits, as most of the blocks are already split between them and Gazprom. However, it might be difficult to reach a consensus with the Russian leadership in the case that the USA strengthens sanctions against the Russian oil and gas sector.
What Will the New Sanctions Lead to?
Pavel Sharikov:
How to Make Russia-U.S. Relations Great Again?
The adoption of the new anti-Russian sanctions will definitely complicate the life of the above mentioned foreign partners, and might ...
... offshore oil resources in the Arctic – Rosneft and Gazprom (including Gazprom Neft). In addition, restrictions were placed on the ability of Russian oil companies and banks to attract financing from abroad.
Natural Resources of the Arctic (In Russian)
These sanctions have already led to a number of foreign oil companies, including Exxon Moblie, suspending their participation in Russian Arctic shelf projects.
The level of dependence on “Western” equipment and services to carry out projects on the Arctic shelf – offshore drilling rigs, pump ...
...
Discovered Attack: the Fork
In my view, though, his words still conceal the identity of the intended targets of this operation. Breaking another economy through a oil price war alone might prove a risky endeavor when the attacker is highly dependent on oil themselves, but chances of success could be improved if pressure is applied by other means, namely if economic sanctions are added to the equation.
So, talking about the real targets, Russia is the only one really mentioned by the Minister, and given the tones of West's foreign policy, there was no need to dissimulate this occurrence, because doing so would have simply confirmed the suspicions. The shale industry, on the other ...
