OPPORTUNITIES FOR INVESTMENTS IN RUSSIAN ENERGY SECTOR: POLITICAL RISKS

The article covers some problems of political risks impact on international energy companies, who operate in Russia. Political risk definition in investment activity gives in brief. Nowadays to traditional political risk-factors we can add one more. This kind of risk is quite specific, but international investors have to take it into account. We talk about sanction policy that on Washington advice Brussel decides to support.Sanctions as political risk arises not inside the country but in external world. So sanction policy is initiated by those governments whose business invests in Russia, creating additional barrier between governance and national companies.Consequences of negative occurrences are analyzed in the context of sanction policy. Moreover, political risks in current situation are described for Russian and for international energy companies. Various examples of political risks realization and its consequences for major world oil companies that take place this autumn are indicated.The problem of import substitution subsidy in energy sector is under special attention. In addition authors raise the issue about future service support of well drilling perspectives for Russian oil and gas companies like Rosneft and LUKOIL.

energy sector, government support, investment project, policy makers, political risks, political sanctions, risk-factor, uncertainty

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