Just Business: Why US Energy Giants Are Opposing Anti-Russia Sanctions

Just Business: Why US Energy Giants Are Opposing Anti-Russia Sanctions

Instead of hitting Russia’s energy sector, Washington’s sanctions imposed on Moscow since 2014 have finally backfired on major US oil and gas companies, depriving them of lucrative opportunities and forcing them out of Russia. While Russia is boosting oil output following a decision by OPEC and non-OPEC producers to ease extraction cuts, US petroleum companies are reaping the bitter fruits of Washington’s anti-Russian sanctions.

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