Russian Gazprom acknowledges that all its export pipelines could fall under US sanctions
Gazprom recognizes that new US sanctions adopted in August of this year create risks for all export pipelines, including both existing projects and those under construction. However, an accurate assessment of their costs will require commentary the US Treasury.
The Gazprom quarterly report published on Tuesday says that “The law of August 2, 2017 creates risk for the extraterritorial application of certain US sanctions, and may adversely affect the participation of foreigners in certain new projects of the company.”
“After signature by US President D. Trump, the law of August 2, 2017 came into force… in particular, [the law] gives the US …read more