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Russian Energy Sector Sanctions: Commercial Realities and Legal Complexities
In the past few years, the global energy sanctions landscape has become increasingly complex. 2016 proves to be no exception. With the return of Iranian crude expected later this year – supported by EU sanctions relief – Russia’s oil sector continues to remain subject to U.S. and EU sanctions. With an oversupplied crude market, abetted by the ongoing resilience of U.S. shale and Saudi Arabia's new pricing strategy, the macro environment supporting energy sanctions as a tool of weaponised finance appear to be robust.
In this briefing, Ahmed Mehdi (PwC); James Henderson (OIES) and Louis Skyner (Clifford Chance) will assess the following:
- How have Russian energy corporates responded to the cumulative rounds of sanctions imposed by the U.S. and EU throughout 2014 and 2015?;
- What have been the legal challenges associated with US and EU financial sanctions?;
- How have U.S. and EU export controls impacted Russia’s energy strategy, including LNG;
- What lessons can be learnt from the Russian energy sanctions policy for future sanctions policy design?
Refreshments will be served from 1030.