U.S. Adds Russian Oil Field To Sanctions List
- Reuters
- Aug. 07 2015 19:30
- Last edited 19:30
Gazprom
WASHINGTON — The United States has added a Russian oil and gas field, the Yuzhno-Kirinskoye Field, to its list of energy industry sector sanctions prompted by Moscow's actions in Ukraine.
The federal government said on Thursday the field, located in the Sea of Okhotsk of the Siberian coast and owned by Russia's leading gas producer Gazprom, contains substantial reserves of oil in addition to reserves of gas.
"The Yuzhno-Kirinskoye Field is being added to the Entity List because it is reported to contain substantial reserves of oil," according to a rule notice in the Federal Register.
Gazprom declined to comment.
Adding the field to the list means a license will be required for exports, re-exports or transfers of oil from that location, it said. The gas and condensate field was discovered in 2010, according to Gazprom.
Douglas Jacobson, an international trade lawyer in Washington, said the addition "represents a new arrow in the quiver of U.S. sanctions on Russia."
He said the addition means that no U.S. origin items or non-U.S. origin items containing more than 25 percent U.S. content can be exported or re-exported to the field without a Commerce Department license, which he said was not likely to be issued.
"This goes beyond the current Russia sanctions, which prohibit certain items to be exported to Russia when they are used directly or indirectly in the exploration for, or production of, oil or gas in Russian deepwater (greater than 500 feet)," Jacobsen said in an email.
The action builds on those taken since last year by the United States and the European Union after Russia's annexation of Crimea and its use of force in Ukraine.
Last week, the United States imposed additional Russia and Ukraine-related sanctions, adding associates of a billionaire Russian gas trader, Crimean port operators and former Ukrainian officials to its list of those it is penalizing in response to Russia's actions in Ukraine.
Facebook20
Twitter18
Вконтакте
Google+2
Dear reader,
Due to the increasing number of users engaging in personal attacks, spam, trolling and abusive comments, we are no longer able to host our forum as a site for constructive and intelligent debate.
It is with regret, therefore, that we have found ourselves forced to suspend the commenting function on our articles.
The Moscow Times remains committed to the principle of public debate and hopes to welcome you to a new, constructive forum in the future.
Regards,
The Moscow Times
Due to the increasing number of users engaging in personal attacks, spam, trolling and abusive comments, we are no longer able to host our forum as a site for constructive and intelligent debate.
It is with regret, therefore, that we have found ourselves forced to suspend the commenting function on our articles.
The Moscow Times remains committed to the principle of public debate and hopes to welcome you to a new, constructive forum in the future.
Regards,
The Moscow Times
- Most Read
- Most Shared
- CSKA Coach Slutskiy to Replace Capello At Helm of Team Russia
- U.S. Adds Russian Oil Field To Sanctions List
- Russia Prime Suspect in Cyber Attack Against U.S. Military — U.S. Officials
- Uzbekistan: Fashion Industry Flourishing in Post-Gulnara Era
- Russian Marathon Runner Stripped of Titles Amid Doping Scandal
Advertisement
Photo Gallery
Wasteland Images Loom As Russia Enforces Banned Foods Destruction
Putin's Russia
Editors' Picks
No comments:
Post a Comment
Please leave a comment-- or suggestions, particularly of topics and places you'd like to see covered