All doping tests of Russian players at 2014 FIFA World Cup are negativeSport June 25, 15:10
Police refrains from calling Newcastle incident a terrorist attackWorld June 25, 13:14
Putin offers condolences to Pakistan’s president over fire victimsRussian Politics & Diplomacy June 25, 12:39
Fire of fuel tank kills 123 people in Pakistan - TVWorld June 25, 7:58
Muslims worldwide celebrate Eid al-FitrSociety & Culture June 25, 5:18
Mexico knocks out Russia from FIFA Confederations Cup with 2-1 win in KazanSport June 24, 19:59
Putin visits Crimean youth camp ArtekSociety & Culture June 24, 19:42
Conflict around Qatar should be settled by diplomatic means - source at Foreign MinistryRussian Politics & Diplomacy June 24, 16:44
More than 237,000 fans attend Confederations Cup matches already - Deputy PM MutkoSport June 24, 15:03
In an interview with the Financial Times, published on Monday, Hayward said that cutting off capital markets from Russia's energy groups, which would eventually lead to less investment in Russian oil production, was likely to damage long-term supply.
He said the US shale boom had obstructed the growing risks to the world’s supply picture, but its effect would wear off, leaving the global economy dangerous exposed to potential disruption in the flow of oil, the daily cited him as saying, adding his comments came as the US and Europe expanded sanctions against Russia on Friday with the US adding Gazprom, the leading energy provider for Europe, and the Lukoil oil group to the list of companies deprived of US goods, technology and services for deepwater, Arctic offshore and shale projects. EU and US sanctions have also imposed restrictions on financing for some state-owned Russian energy companies.
Russian future production from untapped resources in the Arctic and the vast shale reserves of Siberia are under threat because of sanctions, Hayward said.
"Because of financial sanctions, the big gorillas [major oil companies] are going to start cutting their activities," he added.