Russian oil and gas withstands Western sanctions


The oil and gas-rich Sakhalin shelf in northern Russia.

Western sanctions affected only new projects that require huge investments

ASTANA – Unlike the Iranian scenario, western sanctions against Russia have not had the expected negative effect, Russian experts have said.

It will be two years this April since some Western and US countries decided to impose sanctions against Russia. Despite earlier optimistic statements by US Secretary of State John Kerry and some French politicians, recently it became known the White House has decided to extend further sanctions against Moscow.

Commenting on how sanctions have affected...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now