Sechin described the target of anti-Russian sanctions

Igor Sechin

The aim of anti-Russian sanctions is to affect the socio-economic situation in the country, said the head of “Rosneft” Igor Sechin. This opinion he expressed in an interview with the Financial Times.

“Worse and affect elections. It is my deep conviction,” he said.

“To be honest, I don’t like to talk about sanctions. I think they are absolutely unreasonable and even illegal. It is impossible to pass political responsibility to the corporate level. We are not part of international politics. We don’t set policy,” — said Sechin.

“I was sweating, trying to raise capitalization. It was 93 billion dollars. And then decide to impose sanctions. And my capitalization, the product of my effort is reduced to 62 billion dollars”, — said the head of “Rosneft”.

On 28 March the European court of Justice in Luxembourg upheld the EU sanctions against “Rosneft”. This decision was a response to the appeal the British court, requesting the position of the European judicial body following an appeal the restrictive measures in the UK.

May 9 The Wall Street Journal (WSJ) published a study which shows that the economic sanctions imposed by Western countries in 2014, do not harm the oil industry. From restrictions for the most part suffer from American oil companies, including ExxonMobil, to a lesser extent, the European.