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
So-called “smart” sanctions against Russia appear tailored to allow Western business to quickly return, should Moscow change course, Jose Fernandez, former assistant secretary of state for economic, energy and business affairs said in an interview to the Wall Street Journal (WSJ) published on Monday.
Difficulty reversing what Mr. Fernandez called a “spaghetti bowl” of sanctions against Libya and Myanmar has made US officials careful to roll out more specific measures against Moscow, the article says.
“Targeting niche activities of specific companies, such as OAO Rosneft’s ability to drill in the Arctic, rather than broad punishment of Russia’s entire economy, will allow Western business to quickly return when the crisis ends, said Mr. Fernandez, who is now a partner at Gibson Dunn & Crutcher LLP,” the article says.
On September 12, the United States imposed new sanctions on Russia in connection with the situation in Ukraine. The sanctions target, in particular, five Russian energy companies - Gazprom, Gazprom Neft, Lukoil, Surgutneftegaz and Rosneft. The sanctions banned the supplies to them of products, services and technology needed for deepwater offshore oil drilling, development of the Arctic oilfields or shale oil extraction.