The Traderszone Network

Published in TZ Latest News 14 September, 2014 by The TZ Newswire Staff

Former BP CEO Warns "Sanctions Will Bite West" As US Gives Majors 14 Days To Wind Down Russian Activities

For the past six months, even as Obama and the EU were laying harsher sanctions on the Kremlin, one group of companies had managed to sneak by unscathed and largely avoided being impacted by Russia’s isolation by the West: the world’s biggest E&P companies, as explained in detail over a month ago in “Exxon Drilling Russian Arctic Shows Sanction Lack Bite.”

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