Russian oil companies will quickly find ways to work around tighter restrictions imposed this month by the United States on the foreign finance they can use, multiple Russian oil industry sources told Reuters.The new restrictions cut the period that US-based entities can provide finance to Russian energy firms from 90 to 60 days and are part of a fresh package of US sanctions that US President Donald Trump approved on August 2.Initiated by Congress, the sanctions were in part designed to punish Moscow further for its 2014 annexation of Ukraine’s Crimea peninsula and to sanction it for what US intelligence …read more
Source: Gulf times
