Russia, Turkey report 14 ceasefire breaches in Syria per dayWorld January 18, 19:17
Analyst believes removal of sanctions can be political bargaining chip with RussiaRussian Politics & Diplomacy January 18, 18:45
Arctic Forum’s task is to change perception of region as source of raw material — officialBusiness & Economy January 18, 18:28
OPEC revises Russia’s oil production outlook downward by 110,000 bpd in 2017Business & Economy January 18, 18:20
OSCE says preparations for talks on Transnistria to begin in near futureWorld January 18, 18:15
About 1,500 officials may attend Arctic ForumBusiness & Economy January 18, 17:38
Russia, Turkey conducting first joint air operation against Islamic StateMilitary & Defense January 18, 17:20
Austria as OSCE chair to strengthen monitor mission in Ukraine — top diplomatWorld January 18, 17:14
Russian food inflation declines threefold in 2016 — Central BankBusiness & Economy January 18, 17:01
WASHINGTON, August 7. /TASS/. The United States extended its sanctions against the Russian economy to Yuzhno-Kirinskoe oil and gas field in the Sea of Okhotsk. According to the notice published on Friday in the Federal Register by the US Industry and Security Bureau (BIS), the field will be under sanctions in export regulation.
The publication said the US government has determined that exports, reexports, and transfers (in-country) of all items subject to the Export Administration Regulations to this Russian field by any person without first obtaining a BIS license present an unacceptable risk of use in, or diversion to, the activities specified in the Russian industry sector sanctions.
Western sanctions will not affect operations of Gazprom on Kirinsky Block, company’s representative Anatoly Sorokin said last year. Yuzhno-Kirinskoe Field is "on the verge of sanctions" in terms of its bedding depth, he said. Furthermore, he added all the required equipment was already imported and was "in Russia or Korea."