Russia Sanctions Proposal Seen Having Most Impact on Gas Pipes

New Russia sanctions proposed by members of the U.S. Congress could hinder the development of some natural gas export pipelines, but otherwise do little to harm the country’s largest energy companies, reports Bloomberg. A third mesure in the bill, banning the financing of any global energy projects supported by the Russian government or state-run companies, is the most significant, according to analysts at Fitch Ratings and Aton LLC. It could delay new export links such as Gazprom’s Nord Stream 2 and the European leg of TurkStream, said Aton energy analyst Alexander Kornilov.

 

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