Top Russian Official: Western Sanctions Threaten Oil Output

February 25, 2015 12:37 PM

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The chairman of the Russian Security Council says Western sanctions are threatening the country's oil and gas industry.

The United States, the European Union and other countries last year imposed sanctions against Russia for its role in the Ukrainian conflict. Some of them made it virtually impossible for energy companies to develop hard-to-tap oil fields such as those in the Arctic.

Also read: North Korea Nuclear Tests: Pyongyang Says UN Sanctions Will Not Affect Launches

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