Financial Times: Russia’s oil and gas industry booming BECAUSE of sanctions
The sectoral sanctions the Western powers imposed on Russia in July 2014 because of the conflict in the Donbass continue to have paradoxical results.
The financial sanctions, which effectively prevented Russian companies from borrowing in Western financial markets, instead of causing the Russian economy to implode, have caused it to deleverage at an unprecedented rate, hugely strengthening Russia’s financial sector and the balance sheets of Russia’s companies, setting the scene for a coming investment boom.
