Russia’s $118 Billion Arctic Oil Bet Pushes Ahead Despite Sanctions
For the Kremlin, the giant Vostok Oil project in the frigid Far North is crucial to two goals: bolstering Russia’s presence in the Arctic and keeping production of the key export commodity going as reserves in more accessible parts of the country are depleted. It’s also a case study of how a huge, state-run corporation like Rosneft -- headed by Igor Sechin, a longtime ally of President Vladimir…
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