Russia May Get Funds From Countries That Do Not Impose Sanctions: Deputy Prime Minister

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SHAFAQNA (Shia International News Association)

The Russian government has been working to raise investment in its oil industry from financial institutions of countries that did not impose sanctions against Russia and its companies, Russian Deputy Prime Minister Arkady Dvorkovich told reporters Wednesday during an official visit to Kogalym.

“We are actively working with financial institutions of the countries that have not succumbed to the temptation of imposing sanctions, it is primarily China and some other countries,” Dvorkovich stated.

“We expect that, together with our resources, it will allow us to fully fund the investment programs of the oil companies,” Dvorkovich said when asked about support measures for the Russian oil and gas companies.

The deputy prime minister arrived in Kogalym Wednesday morning to meet with representatives of Russia’s second-largest crude oil producer Lukoil and regional authorities, as well as to participate in the opening ceremony of the new Imilorskoye oil field.

The European Union and the United States have imposed several rounds of sanctions against Russia, over its alleged role in the Ukrainian conflict, curbing access to western financial markets for some of Russia’s largest companies and targeting banks, arms manufacturers and oil companies.

Lukoil is one of the companies targeted by Western sanctions. Other companies on the blacklist are Gazprom, Gazprom Neft, Rosneft, Novatek, Surgutneftegaz and Transneft.

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