French oil and gas company Total said western sanctions against Russia has forced it to halt a joint venture with Russia's Lukoil to explore shale oil in western Siberia. The move signals that the latest sanctions against Russia over its involvement in Ukraine will hinder the Kremlin's plan to develop its shale oil resources with imported fracking technology, which had been seen as a key driver to the next five to ten years of production.
Russia's War Against Ukraine
International Business Times: French oil company Total halts project with Russia’s Lukoil over Western sanctions
Lukoil gas station following the protest in Kyiv on Aug. 22.
