Impact of Sanctions of European Union and Unites States of America on the Development of Russian Oil and Gaz Complex

The present article analyzes the impact of the restrictive measures adopted by the European Union (EU) and the United States of America (USA) against Russian Federation. In particular, the item aims to analyze the sectoral sanctions in oil and gas industry. Sanctions in oil and gas sector are extend...

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Main Authors: Anni Yulievna Nikulina, Marina Nikolaevna Kruk
Format: Article
Language:English
Published: EconJournals 2016-09-01
Series:International Journal of Economics and Financial Issues
Subjects:
Online Access:https://dergipark.org.tr/tr/pub/ijefi/issue/32045/354656?publisher=http-www-cag-edu-tr-ilhan-ozturk
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author Anni Yulievna Nikulina
Marina Nikolaevna Kruk
author_facet Anni Yulievna Nikulina
Marina Nikolaevna Kruk
author_sort Anni Yulievna Nikulina
collection DOAJ
description The present article analyzes the impact of the restrictive measures adopted by the European Union (EU) and the United States of America (USA) against Russian Federation. In particular, the item aims to analyze the sectoral sanctions in oil and gas industry. Sanctions in oil and gas sector are extended to the supply of equipment particularly to the technologies for development of the Arctic shelf. The article proposes and analyzes scenarios of Russian oil and gas complex in the conditions of restrictive measures from the part of Western countries. As for equipment authors offer two options: the importation of equipment through third countries or copying it from Western equipment. In the area of finance they offer attracting Asian credits and the use of the National Welfare Fund of Russian Federation.
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spelling doaj.art-d1ad7f6de7b0489992ce222300cfe9a72023-02-15T16:09:13ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382016-09-0164137913821032Impact of Sanctions of European Union and Unites States of America on the Development of Russian Oil and Gaz ComplexAnni Yulievna NikulinaMarina Nikolaevna KrukThe present article analyzes the impact of the restrictive measures adopted by the European Union (EU) and the United States of America (USA) against Russian Federation. In particular, the item aims to analyze the sectoral sanctions in oil and gas industry. Sanctions in oil and gas sector are extended to the supply of equipment particularly to the technologies for development of the Arctic shelf. The article proposes and analyzes scenarios of Russian oil and gas complex in the conditions of restrictive measures from the part of Western countries. As for equipment authors offer two options: the importation of equipment through third countries or copying it from Western equipment. In the area of finance they offer attracting Asian credits and the use of the National Welfare Fund of Russian Federation.https://dergipark.org.tr/tr/pub/ijefi/issue/32045/354656?publisher=http-www-cag-edu-tr-ilhan-ozturkoil gas sanctions arctic offshore
spellingShingle Anni Yulievna Nikulina
Marina Nikolaevna Kruk
Impact of Sanctions of European Union and Unites States of America on the Development of Russian Oil and Gaz Complex
International Journal of Economics and Financial Issues
oil
gas
sanctions
arctic
offshore
title Impact of Sanctions of European Union and Unites States of America on the Development of Russian Oil and Gaz Complex
title_full Impact of Sanctions of European Union and Unites States of America on the Development of Russian Oil and Gaz Complex
title_fullStr Impact of Sanctions of European Union and Unites States of America on the Development of Russian Oil and Gaz Complex
title_full_unstemmed Impact of Sanctions of European Union and Unites States of America on the Development of Russian Oil and Gaz Complex
title_short Impact of Sanctions of European Union and Unites States of America on the Development of Russian Oil and Gaz Complex
title_sort impact of sanctions of european union and unites states of america on the development of russian oil and gaz complex
topic oil
gas
sanctions
arctic
offshore
url https://dergipark.org.tr/tr/pub/ijefi/issue/32045/354656?publisher=http-www-cag-edu-tr-ilhan-ozturk
work_keys_str_mv AT anniyulievnanikulina impactofsanctionsofeuropeanunionandunitesstatesofamericaonthedevelopmentofrussianoilandgazcomplex
AT marinanikolaevnakruk impactofsanctionsofeuropeanunionandunitesstatesofamericaonthedevelopmentofrussianoilandgazcomplex