Contents tagged with International energy agency

  • Kremlin admits Russia cut off from modern oil extraction technologies

    The West’s sanctions against Russian mining companies have been creating “serious problems” for Russian oil and gas extraction companies, who have become dependent on foreign technologies, stated Russian Security Council Secretary Nikolai Patrushev as cited by Interfax news agency.

    “The financial and technological sanctions introduced by the US and their allies against Russian energy companies have highlighted the problem of domestic energy’s vulnerability and dependence on foreign capital and …