How Western Sanctions Are Strangling Putin’s Arctic Gas Ambitions
- Pipeline exports to Europe have slumped, turning focus to LNG
- Novatek’s Arctic LNG 2 is crucial to expanding export capacity
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Russia’s fortress economy has proved remarkably resilient to an onslaught of Western sanctions. Two years after the Kremlin’s invasion of Ukraine, it continues to fund a costly war and to prop up President Vladimir Putin.
But there’s at least one spot where the pain is very real.