U.S. steps up sanctions on Russia

The Obama administration says it is widening sanctions against Russia, restricting access to American debt market for some Russian banks, energy companies and defense firms.

Among the firms targeted are top oil producer Rosneft (OTC:RNFTF), the financial arm of natural gas producer Gazprom (OTCPK:OGZPY), and gas producer Novatek (OTC:NOVKY).

It is unclear how the moves may affect U.S. companies with multibillion-dollar businesses in Russia such as Exxon Mobil (NYSE:XOM), which expects to begin drilling an Arctic well with Rosneft this month that will cost as much as $700M and is planning a $300M shale well project in Siberia.

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Comments (3)
  • snoopy44
    , contributor
    Comments (1492) | Send Message
    I am certainly no apologist for Putin because anyone who idolizes Stalin has to be a little nutty. After all, Stalin butchered over 20 million of his OWN PEOPLE. How can anyone in their right mind admire that?
    Having said that, the Obama Administration has completely "bungled" the Ukraine operation, misjudging the Russian affinity for a former part of the USSR. When I see Obama with Putin it makes me think of a college professor trying to reason with a seasoned business owner. One person has actually lived in the real world. The other has never left the "cocoon" of academia and political privilege. Obama's foreign policy is weak, misguided, incompetent, and incoherent. No wonder Merkel, Putin, Netanyahu, and others just shake their heads after leaving a meeting with him. It really is like we have handed the car keys to the Mercedes to the 10 year old. Gee, I wonder what's going to happen now? Crash.
    The future downside of this "circus" is the potential loss of the Petro-Dollar, the overthrow of the US dollar as global reserve currency, and a full-blown war in the Mid-East as the Gaza explodes into chaos. Back in 2012 when I asked a friend who he was voting for President, the response was Obama because Romney is too white and too rich. Pretty sad commentary. They voted for a "flim flam" man right out of the musical the "Music Man". The irony is that Romney actually has a Negro grandchild and has donated more money to charity than any living politician.
    This country needs to wake up. Before it's too late.


    16 Jul 2014, 05:46 PM Reply Like
  • MWinMD
    , contributor
    Comments (3755) | Send Message
    The important thing is that despite offering no alternative for what he should have done, or should do now (are you saying we should have threatened Russia militarily? are you suiting up to volunteer snoopy44? are you actually saying anything at all? no, I don't think so) you have found a way to sate your daily requirement for Obama-bashing.


    Now it's back to Fox for your next marching orders. A day in the life of today's Republican. Such tiresome work! Whine whine whine, and never have to make any real decisions. Oh, to be a child again.


    Apropos of nothing regarding Ukraine, most (80%, in fact) of Romney's "charitable giving" went to a nominal "church" that illegally used its tax-free status to funnel Romney's money into political activity aimed at depriving Americans of the right to marry. Not exactly admirable in the eyes of a freedom-loving American.


    And: "negro"? What century do you dwell in I wonder? Still crying because great-grandpappy lost his slaves and had to get off his lazy tush and actually break a sweat? Aw, the poor thing!
    17 Jul 2014, 11:12 PM Reply Like
  • 11146471
    , contributor
    Comments (1381) | Send Message
    Pure Mercantilism!
    16 Jul 2014, 06:14 PM Reply Like
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