Chicago 11, Melborne City, USA

Putin’s decree on Sakhalin-2 taught Western energy giants a lesson – Financial Times

Russian President Vladimir Putin, by his decree on the application of special economic measures in the fuel and energy sector, which relate to the Sakhalin-2 project, taught Western energy giants a lesson.

According to the Financial Times, the transfer of assets to the state was a warning to fuel producers from unfriendly countries who are trying to “quickly and easily” sell their assets.

“Moscow does not want Shell to remain a phantom shareholder that does not generate profits,” the publication says.

At the same time, it is noted that this move, apparently, is directed to a lesser extent against Japanese investors Mitsui and Mitsubishi, which together own 22.5% of the shares.

Now the British company Shell is unlikely to be able to sell its stake to Chinese companies (Cnooc or CNPC), as it planned to do before.

Another British company, British Petroleum, as well as France’s Total Energies, which have investments in projects to develop Russian gas fields, also “have something to think about,” the article says.

As reported EADailyJune 30, Russian President Vladimir Putin signed a decree “On the application of special economic measures in the fuel and energy sector in connection with the unfriendly actions of certain foreign states and international organizations.”

According to the document, all rights and obligations, as well as the property of the operator of the Sakhalin-2 project – Sakhalin Energy – will be transferred to a specially created Russian legal entity.

This is done to protect the national interests and economic security of Russia, and also because of the “threat of a natural or man-made emergency,” the presidential decree says. These risks arose due to “violation by certain individuals and legal entities of obligations” for the development of the Sakhalin-2 fields.

Helped investors place more than 500 million rubles. and over $200,000 in stock market instruments. Developed over 60 investment strategies. Experience in Forex - Basic and Series 1.0. Broker-dealer activity. The purpose of creating the fx-guidance website is to share with you My knowledge, experience and transfer my best practices on the topic of INVESTING IN THE STOCK MARKET, so I want to start with a FREE technical analysis course, thanks to which you will receive:✅Basic technical analysis system used by prof. investors ✅Learn to find the perfect entry and exit points ✅Begin to see long-term trends on the chart and understand the likelihood of further price movement

    Leave feedback about this

    • Quality
    • Price
    • Service


    Add Field


    Add Field
    Choose Image
    Choose Video