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U.S. sanctions preventing Russian project financing - OMV CEO

Reuters  |  MOSCOW 

By Vladimir SoldatkinMOSCOW (Reuters) - U.S. sanctions have made financing large Russian projects "almost impossible", the chief executive of Austrian energy company OMV, which has invested in the Nord Stream-2 trans-Baltic gas pipeline project, said on Wednesday.Washington imposed new sanctions, several targeting Russia's energy sector, last month to punish Moscow over alleged interference in the 2016 U.S. presidential election and the annexation of Ukraine's Crimea."The financing of such large infrastructure projects becomes almost impossible after the introduction of such sanctions," OMV ...

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First Published: Wed, September 13 2017. 21:02 IST
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