Statoil admits anti-Russian sanctions hurt its business

Statoil admits anti-Russian sanctions hurt its business

Norwegian oil and gas company Statoil admitted that anti-Russian sanctions seriously damaged its business in Russia. It doubts that it will be able to implement the projects launched in the country, company's annual report says.

"The sanctions imposed on Russia also affected Statoil's business activities in the country," TASS quoted the report.

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