Rosneft says EU sanctions are not crucial

 

Rosneft says EU sanctions are not crucialThe EU sanctions on oil equipment are not critical, an official of Russia’s major oil company Rosneft told Itar-Tass on Friday.“The company continues to assess the possible influence of the EU sanctions on equipment supplies to Russian oil sector,” Itar-Tass quotes the company’s representative. “But many items on the list are, obviously, not critical, there are suppliers of this machinery in Russia and countries outside the Eurozone.”The EU sectoral sanctions that came into effect on August 1 have not stopped machinery and technology supplies to the Russian oil sector but introduce a regime of preliminary approval of such deals to be issued in the countries of exporters’ registration, Itar Tass reports.

The EU sanctions on oil equipment are not critical, an official of Russia’s major oil company Rosneft told Itar-Tass on Friday.“The company continues to assess the possible influence of the EU sanctions on equipment supplies to Russian oil sector,” Itar-Tass quotes the company’s representative. “But many items on the list are, obviously, not critical, there are suppliers of this machinery in Russia and countries outside the Eurozone.”The EU sectoral sanctions that came into effect on August 1 have not stopped machinery and technology supplies to the Russian oil sector but introduce a regime of preliminary approval of such deals to be issued in the countries of exporters’ registration, Itar Tass reports.