Foreign oil services firms will find it hard to return to Russia - Russian minister


  • World
  • Saturday, 13 Sep 2014

MOSCOW (Reuters) - The head of Russia's natural resources ministry said on Friday foreign oil services companies would find it difficult to return to Russia as Western sanctions would give Russian firms the opportunity to take their place in the Russian market.

"(Sanctions) are an excellent excuse to speed up import substitution. It will be harder for our partners to return," Sergei Donskoi said in a post on his official Facebook page.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Kremlin says U.S. long-range missiles sent to Ukraine will not change war's outcome
More than 100 inmates escape after rain damages Nigerian prison
African migrant disaster survivor haunted by weeks lost at sea
Most global tech leaders see their companies unprepared for AI
India's poll panel seeks responses to complaints against Modi, Rahul Gandhi
Russian missile damages civilian, railway infrastructure in Ukraine's Cherkasy region, air force says
Iran's judiciary confirms rapper Toomaj Salehi death sentence
Artificial intelligence offers an opportunity to improve EV batteries
Sails of iconic Paris cabaret club Moulin Rouge fell off overnight
Construction boss accused of bribing Russian minister as scandal widens

Others Also Read