Thank the destructive statists: ExxonMobil admits $1bn lost from anti-Russia sanctions

The contracts with Russia’s biggest oil company Rosneft damaged by the West’s anti-Russian sanctions have cost ExxonMobil $1 billion, the company said in its annual report.
“In 2014, the European Union and United States imposed sanctions relating to the Russian energy sector. In compliance with the sanctions and all general and specific licenses, prohibited activities involving offshore Russia in the Black Sea, Arctic regions, and onshore western Siberia have been wound down. The Corporation's maximum exposure to loss from these joint ventures as of December 31, 2014, is $1.0 billion,” the report said.
Rosneft and ExxonMobil established projects to conduct exploration and research activities in 2013 and 2014. The European Union and United States imposed sanctions relating to the Russian energy sector in 2014, prohibiting any activities that involve offshore work in the Russian Black Sea and Arctic regions, and onshore in western Siberia.

Thank the destructive statists: ExxonMobil admits $1bn lost from anti-Russia sanctions 44.si

Thank the destructive statists: ExxonMobil admits $1bn lost from anti-Russia sanctions 44.si

http://rt.com/business/236067-exxonmobil-rosneft-sanctions-report/
_________________
Anarcho-Capitalist, AnCaps Forum, Ancapolis, OZschwitz Contraband
“The state calls its own violence law, but that of the individual, crime.”-- Max Stirner
"Remember: Evil exists because good men don't kill the government officials committing it." -- Kurt Hofmann

Thank the destructive statists: ExxonMobil admits $1bn lost from anti-Russia sanctions

Thank the destructive statists: ExxonMobil admits $1bn lost from anti-Russia sanctions

Anarcho-Capitalist Categorical Imperatives

AnCaps' Laissez-faire Free Trade Zone