State-Controlled Energy Company
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Major owner in Sakhalin-2’s operator structure after Russia’s post-2022 reshaping
Sanctions are supposed to close doors. On December 17, the U.S. quietly propped two doors back open—again—even as it slammed others shut. One narrow lane keeps Sakhalin-2 crude flowing to Japan. The other preserves financial channels for civil nuclear projects, even when payments touch sanctioned Russian banks. Both carve-outs now run through June 18, 2026.
Updated Jan 30
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