Green Demands Cast Chill on Russian Arctic Plans

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  • France has blocked its banks from financing the Arctic LNG 2 project in Russia, in which TotalEnergies has a stake, on climate grounds.
  • Other projects planned in Russia's Arctic could face green pressure, including Rosneft's ambitious Vostok Oil venture.

  • Expect Russia to lean more heavily on its own banks, and Asian banks and partners, to finance projects there.

The Issue

Policy and Regulation, Fiscal Terms, Sanctions, LNG Projects
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