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Sanctions, including those that target Nord Stream pipeline project, are hindering the world’s economy from recovering after the shock of the coronavirus pandemic, Igor SECHIN, the president and CEO of Rosneft, said in his address to the Eurasian Economic Forum in Verona.
“The sanctions will get in the way of economic recovery. The pressure on the Nord Stream 2 project is a clear example of that”, Sechin told the forum.
According to the Rosneft CEO, the economic recovery and the oil demand growth can begin as early as 2021, but it would require a coordinated effort.
Earlier this week, the US Department of State announced that it had rolled out sanctions to companies that “provide services or facilities for upgrades or installation of equipment for those vessels” that are being used to lay the Nord Stream 2 pipeline.
