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Western sanctions paralyze Russia's $25 billion LNG facility, dealing a blow to Putin's Arctic gas ambitions | Stephen Stapczynski

Russia’s fortress economy has proved remarkably resilient to an onslaught of Western sanctions. Two years after the Kremlin’s invasion of Ukraine, it continues to fund a costly war and to prop up President Vladimir Putin. But there’s at least one spot where the pain is very real. The Novatek PJSC-led… ....

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How Western Sanctions Are Strangling Putin's Arctic Gas Ambitions

(Bloomberg) Russia’s fortress economy has proved remarkably resilient to an onslaught of Western sanctions. Two years after the Kremlin’s invasion of Ukraine, it continues to fund a costly war and to prop up President Vladimir Putin. Most Read from BloombergEverything Apple Plans to Show at May 7 ‘Let Loose’ iPad EventBerkshire Cash Hoard Scores Another Record as Earnings GainThe World’s Hunger for Salmon Is Linked to an Ecological DisasterTrump Aide Hicks Cries on Witness Stand, Recalls 2016 ....

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Russia's economy has propped up Putin, but a key weak spot is emerging

Russia is currently the fourth-largest LNG exporter globally, but restrictions on the flagship Arctic LNG 2 are crimping its aspirations to go further. ....

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How Western sanctions are strangling Vladimir Putin's Arctic gas ambitions

Russia has long sought to increase its share of the global LNG market, but the war and the subsequent sharp drop in overland exports to Europe have reinforced the importance of these ambitions. Moscow wants to expand LNG output three-fold by 2030, adding at least $35 billion in annual revenue. ....

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How Western Sanctions Are Strangling Putin's Arctic Gas Ambitions

How Western Sanctions Are Strangling Putin's Arctic Gas Ambitions
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