Brussels – Energy deliveries, such as oil, gas, coal and uranium, from Russia into European markets are paid for under contracts and they cannot be put on a sanctions list, European Energy Commissioner Gunther Oettinger has said.
“But the Russians see off shore oil and gas in the Arctic, for
example, as good potential for the future. But this can only be
developed by hardware and software from the West, by drills and
equipment that their industry cannot supply,” he said at a press
conference in Brussels on Wednesday.
He said that the sanctions could affect equipment for energy for exports.
“If they don’t try for peace in the east of Ukraine… If they don’t
decisively try to do something to prevent escalation, then there is no
reason for us to help promote the growth of their industry and develop
new resources for gas and oil, and therefore [we could] put this
equipment on the list of sanctions,” Oettinger said at the press
conference.
