Economics
Russia Sanctions Proposal Seen Having Most Impact on Gas Pipes
- U.S. lawmakers push new measures to punish Kremlin actions
- Gas export pipeline funding could be at risk: Aton’s Kornilov
Photographer: Vincent Mundy /Bloomberg
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New Russia sanctions proposed by members of the U.S. Congress could hinder the development of some natural gas export pipelines, but otherwise do little to harm the country’s largest energy companies.
A bill was introduced this week to punish the Kremlin over allegations it interfered in U.S. elections and exerts a "malign influence" in countries including Ukraine. If passed into law, it would prohibit investments in Russian liquefied natural gas facilities outside the country, and the supply of capital, technology or equipment to future domestic oil fields.