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 Norwegian Sanctions Against Russia Come into Effect

A raft of new Norwegian sanctions against Russia, replicating those imposed by the EU on September 12, came into effect on Friday, Norway's foreign ministry said.

The relevant regulation was adopted by the Cabinet on Friday and "takes effect immediately," the ministry said in a statement, Censor.NET reports citing PLATTS.

The sanctions imposed by the EU on September 12 target Rosneft, Russia's largest oil producer, Gazprom's oil subsidiary Gazprom Neft, and national pipeline operator Transneft.

Read also: Russia's International Reserves Decreased by $ 2.1 Billion This Week Alone

The EU restricted the companies' access to EU capital markets as well as to services for deepwater, Arctic and shale oil exploration and production.

 
 
 
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