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Russia’s Oil Field Actions to Take Edge Off U.S. Sanctions

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U.S. and European Union moves to pressure Russia by threatening its oil output overlook one detail: a mass of conventional resources across Siberia, according to Natural Resources Minister Sergei Donskoi.

Russia will distribute more oil and gas deposits found in traditional areas during the Soviet era, dulling the sting of U.S. and EU sanctions that aim to keep new provinces locked in layers of shale or under Arctic waters, according to Donskoi.