Sanctions Activity of the US and the EU in Regard to Russia: Consequences for Arctic Projects

... contacts within the Arctic Council, many of its members and observers maintain sanctions pressure on Russia. In 2014, the US and the European Union (EU) introduced restrictive measures against the Russian Federation, which are actively associated with a ... ... Rotterdam in 2014 (about 2.2 million barrels) [ 19 ]. The oil produced was called Arctic Oil (ARCO) [ 20 ]. Currently, this is the only project on the Russian Arctic shelf, where oil is commercially produced. This gives additional advantages for Gazprom,...