Fresh sanctions are hammering Russian oil giants. What is the fate of their Irish subsidiaries?
A new wave of sanctions is raining down on Russian energy firms. On Wednesday, the US levelled sanctions against Rosneft and Lukoil, two crown jewels in Russia’s oil industry. The EU followed this Thursday with sanctions on Rosneft and one of Lukoil’s Middle Eastern arms. The moves mark a significant ramping up of actions against Russia and its energy sector, which has been a vital pillar in its economy and in fuelling the war against Ukraine. With the tentative Budapest meeting between presidents Donald Trump and Vladimir Putin now put on ice, the latest volley of measures on both sides…
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