The U.S. Treasury has banned its citizens and companies to work on energy projects in Russia

The U.S. Treasury has banned its citizens and companies to work on energy projects in Russia

Communiqué about it published Tuesday on the website of the Ministry of Finance of the USA.

Moscow. 31 Oct. INTERFAX.RU — Office of foreign assets control of the U.S. Treasury Department banned American citizens and legal persons without permission to provide, directly or indirectly, export or re-export of goods, services (except financial) or technology used for the exploration or production of hydrocarbons on the deep sea, including the Arctic shelf, as well as in projects related to shale hydrocarbons in Russia.

Restrictive measures will be applied to fall under U.S. sanctions of individuals or legal entities in Russia related to energy projects, implementation of which will start from 29 January 2018 or later.

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