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Energy sanctions aim to hurt Russia more than the west

Posted on 15 May 2014

As the US looks for levers to exert influence over Russia, energy is an obvious choice. Oil and gas generate more than 50 per cent of Russian federal government revenues, and Rosneft and Gazprom, the country’s two largest energy companies, are both state controlled.
The problem is that energy binds Russia to the rest of the world in a codependent relationship. Consumers – especially in Europe – need Russian oil and gas as much as Russia needs the revenue they bring in………………………………………..Full Article: Source


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VRS - who has written 36171 posts on Opalesque Commodities Briefing.


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