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Russia-Ukraine: Effects of New Sanctions on American Energy Security
Energy Policy Information Center: When the United States announced its first sanctions on Russia in response to the uproar over the downing of Malaysian Airlines flight MH17, many began to wonder what effects the new restrictions would have on multinational oil companies like ExxonMobil and BP. The first round of sanctions was designed to target Russian oil giant Rosneft, making it much more difficult for the state-run company to secure long-term financing from U.S. markets. Now, a new set of restrictions from both the United States and Europe have cracked down further on Russia’s ability to finance, find and produce oil.
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