International sanctions against Russia introduced in 2014 turned out not to be the bogeyman they first seemed to be, and could in fact have played a key role in helping the Russian oil sector to not only handle the sharp price drop over the last year and a half, but make the industry more efficient in the long run. When sanctions were implemented targeting the Russian oil sector's access to Western financing and key Arctic, shale and deepwater technology, analysts saw them as major blow.
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