" The US Ministry of Finance indicated that sanctions are imposed in connection with the conflict in Ukraine."
The US Ministry of Finance banned the citizens of the country from assisting Russia in projects related to oil production, according to the website of the Ministry.
It states that Americans are prohibited from providing, exporting, re-exporting goods, services, and technologies to assist in geological exploration or production of oil in deep waters on the Russian Arctic shelf.
The ban on cooperation will affect individuals and legal entities in Russia, which have already been introduced or may be included in the US sanctions lists. Restrictions apply to projects starting on January 29, 2018 and later.
