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2025-01-11 Caucasus/Russia/Central Asia
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US Treasury Department Bans Companies from Providing Oilfield Services in Russia
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Direct Translation via Google Translate. Edited.
[Regnum] The US Treasury Department has banned American companies from providing oilfield services in Russia since February 27. This is stated in General License No. 117, published by the Office of Foreign Assets Control (OFAC).
According to the document, from February 27, American companies are prohibited from exporting, re-exporting, selling or supplying, directly or indirectly, oilfield services to any person located in Russia.
In addition, the Ministry of Finance also banned financial transactions with Russian companies Gazprom Neft and Surgutneftegaz from February 27.
“All transactions related to these companies that are necessary to wind down operations must be completed by 12:01 p.m. ET on February 27, 2025,” the license says.
| Assuming the Trump administration does not reverse the order, of course. Nine more days. |
In addition, the ban applies to companies in which more than 50% of shares are owned by Gazprom Neft or Surgutneftegaz.
As reported by the Regnum news agency, on January 10, the United States imposed sanctions against a number of Russian oil companies and individuals. Several operators of Gazprom Neft's aviation fuel business were also added to the list. The White House stated that the United States was introducing the largest sanctions against Russia's energy sector. The restrictions affected 183 tankers transporting Russian oil, dozens of traders, as well as oil service companies and industry officials. It is noted that Novatek's partners and Rosatom representatives were included in the sanctions lists.
On January 10, Russian presidential press secretary Dmitry Peskov said that Moscow understands that the administration of current US President Joe Biden will try to leave a difficult legacy in Russian-American relations for the elected head of the White House, Donald Trump.
On December 14, Russian President Vladimir Putin noted that all the tasks facing the country in the near and long term will be solved. The head of state also pointed out that Russia is developing and its economy is growing against the backdrop of unprecedented sanctions, and blackmail and attempts to hinder its development will not be successful.
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Posted by badanov 2025-01-11 00:00||
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