Russia’s economy runs on oil and gas, but with Russia’s economy on the edge of recession, a new threat has emerged: possible sanctions against energy technology sales from the West.
The World Petroleum Congress was supposed to bring together Russia, the world’s largest energy producer, and the United States, the world’s largest producer of cutting-edge energy technology.
But oil expert Pat Szymczak says the United States was practically a no-show.
“There are very few American companies here,” Szymczak said. “Of the 3,000 delegates, I noticed only 250 that really appeared to be coming from the United States.”
Source: Voice of America
