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Otilia Dhand, a political risk analyst at Teneo Intelligence in Belgium, said she expects continued fighting in Ukraine will bring incremental increases to sanctions.
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The oil and gas firm is already facing harsh sanctions from the U.S. and EU that restrict its access to Western financing. It’s also barred from using European and American technology and services to develop certain oil sources, including shale oil. Plus, Rosneft president Igor Sechin has been banned from making any financial transactions with American companies and individuals.
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