Exxon Neftegas Limited (ENL), the former operator of the Sakhalin-1 oil and gas project, stopped working on this project due to Western sanctions against Russia. It has been reported DEA News with a link to the source.
“As can be seen from the letters of Exxon Neftegas Limited found in the case file examined by the court in Yuzhno-Sakhalinsk, the company has stopped all its work due to the US, UK and European Union’s sanctions against Russia. Federation,” said the agency source.
According to him, the court could not accept the imposed sanctions as objective reasons for stopping work, as they were accepted in violation of Article 41 of the UN Charter and other members of the consortium (India, Japan) refused to comply with the requirements. lifted sanctions and declared their readiness to continue participating in the project.
He added that the court also pointed to the “baselessness and inconsistency” of ENL’s claims regarding the existence of force majeure circumstances.
Sakhalin district court at the end of February pleased Lawsuit filed by the Office of the Prosecutor General of the Russian Federation against Exxon Neftegas Limited. The department asked the company to collect about 15.5 billion rubles of tax debt and fines.