Moscow pledged retaliatory measures after a new set of sanctions imposed by the U.S. on a Russian ship and two companies involved in the Nord Stream 2 gas pipeline, Russia’s foreign ministry said in a statement on Aug. 21.
The $11 billion project, which will double the existing Nord Stream pipeline across the Baltic Sea and allow Russia to bypass Ukraine when piping gas to Europe, has been a focal point of tensions between Moscow and Washington.
Washington imposed the sanctions on Aug. 20 on a ship, its owner and a construction company, but opponents of the project said the measures were insufficient to stop it.
The U.S. and Britain also imposed sanctions on Aug. 20 on men they said were Russian intelligence operatives responsible for the poisoning one year ago of Kremlin critic Alexei Navalny.
“We view such hostile actions by the Biden administration as dictated by a lack of political will and an unwillingness to build U.S.-Russian relations on a partnership basis,” Maria Zakharova, a spokeswoman for Russia’s Foreign Ministry, was quoted as saying in the statement.
Recommended Reading
SLB’s ChampionX Acquisition Key to Production Recovery Market
2024-04-19 - During a quarterly earnings call, SLB CEO Olivier Le Peuch highlighted the production recovery market as a key part of the company’s growth strategy.
PHX Minerals’ Borrowing Base Reaffirmed
2024-04-19 - PHX Minerals said the company’s credit facility was extended through Sept. 1, 2028.
Matador Resources Announces Quarterly Cash Dividend
2024-04-18 - Matador Resources’ dividend is payable on June 7 to shareholders of record by May 17.
EQT Declares Quarterly Dividend
2024-04-18 - EQT Corp.’s dividend is payable June 1 to shareholders of record by May 8.
Magnolia Oil & Gas Hikes Quarterly Cash Dividend by 13%
2024-02-05 - Magnolia’s dividend will rise 13% to $0.13 per share, the company said.