Russia Grants License for Crimea Offshore Field

摘要

In a curious development, a little-known company called New Projects has received an upstream license located offshore Crimea from Russian authorities, Russian newspaper Kommersant reported on Monday. The company and its owners are likely to be added to the Western sanctions list, observers say, for involvement in business in Crimea, which Russia annexed in 2014 - something that stops bigger Russian energy companies from operating on the peninsula.