Sanctions for oil and gas technology

The EU has decided to impose sanctions on the Russian oil and gas industry. Technical equipment for the energy sector is affected. In Germany, meanwhile, compensation for further increases in energy prices is being discussed.

As part of a comprehensive new package, the EU also launched sanctions against Russian energy companies on Thursday evening. Affected is technical equipment for the development of new oil and gas deposits as well as for the maintenance and modernization of existing facilities. Since the annexation of Crimea in 2014, individual extraction technologies have already been affected by international sanctions – particularly for deep-sea and the Arctic offshore and shale projects.

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