The US government today imposed sanctions on the Crimean division of Ukraine’s national gas company, Chernomorneftegaz, reports the Financial Times.
Gas companies in the US were set to explore areas in the Back Sea on a joint resource exploration venture with the Crimean based company. The new sanction makes it highly likely that US companies will miss out on revenue from resources from the oil and gas rich regions.
The United States undersecretary of commerce, Eric Hirschhorn, called the sanction “a strong message of the United States government’s condemnation of Russia’s incursion into Ukraine and expropriation of Ukrainian assets.”
Gas companies in the US were set to explore areas in the Back Sea on a joint resource exploration venture with the Crimean based company. The new sanction makes it highly likely that US companies will miss out on revenue from resources from the oil and gas rich regions.
The United States undersecretary of commerce, Eric Hirschhorn, called the sanction “a strong message of the United States government’s condemnation of Russia’s incursion into Ukraine and expropriation of Ukrainian assets.”