BendiNewsTest: US Slaps New Sanctions on Russia, Stops Exxon from Drilling in the Arctic

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Monday, September 15, 2014

US Slaps New Sanctions on Russia, Stops Exxon from Drilling in the Arctic

The Ukraine crisis may be inadvertently working towards environmental conservation in the Arctic. On Friday, the US government ordered American companies to cut off exports to Russian oil exploration within 14 days, stymying Exxon Mobil’s plans to start drilling in the Kara Sea. These new measures are aimed at closing loopholes that allow oil companies to keep operating in the area, and they’re the latest in a series of sanctions imposed on Russia in an effort to halt President Vladimir Putin’s support of separatists in Ukraine.

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Post tags: arctic ocean, barclays, energy future, exxon mobil, gazprom, gazprom neft, global warming, kara sea, lukoil, nowaya zemlya, oil drilling, rosneft, russia, russian energy companies, russian oil production, sakhalin fields, surgutneftegas, thawing sea ice, the arctic, ukraine crisis, us sanctions, us treasury, venezuela oil fields, vladimir putin

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