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US, EU sanctions on Russia could ensnarl Western oil companies

4 min read 30 Jan 2022, 07:50 PM IST Alistair MacDonald , The Wall Street Journal

Washington and Brussels aren’t targeting oil or gas exports, but broader restrictions could still hit firms with big business in Russia

The European Union, meanwhile, is considering more direct measures, including restricting the financing of new gas exploration and production in the country, as well as extending existing bans on the transfer of technology in the energy sector specifically (Photo: Bloomberg) — The European Union, meanwhile, is considering more direct measures, including restricting the financing of new gas exploration and production in the country, as well as extending existing bans on the transfer of technology in the energy sector specifically **(Photo: Bloomberg)**

LONDON : Some of the West’s biggest oil companies could find themselves in the crosshairs of sanctions now being drafted by their home governments against Russia.

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US, EU sanctions on Russia could ensnarl Western oil companies

Washington and Brussels aren’t targeting oil or gas exports, but broader restrictions could still hit firms with big business in Russia

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