new Delhi . Oil rose to its highest level since 2008 in early March this year, as turmoil in Ukraine rocked already stressed markets. The oil market has seen tremendous impact, as Western countries led by the US and UK have imposed sanctions on Russian oil.
Western corporations have begun to publicly distance themselves from Russia. The current business environment reveals the double standards of the West that are in vogue. It seems that Western countries are oblivious to the fact that the sanctions will weigh heavily on the rest of the world.
At the same time, Asian countries including India and China have an opportunity to benefit from this situation.
At this time Western politicians are openly declaring their intention to cut all relations with Russia and its intention or implied aim is to undermine Russian economic progress.
Whenever it comes to making profit, the trade sector is not so straightforward and the sanctions on Russian goods are not that wide.
On the whole, today’s approach to European business sets up an entirely new, western vision of ESG principles, or rather a ‘greenwashing’, when you abandon one project so that Big Brother is the other. Close your eyes.
In this case, the sacrifice is about Russian oil, but there is no gas involved. According to the French company, it does not plan to deny the supply of ‘blue fuel’ or blue fuel.
The company has swiftly made it clear that it refuses to participate in new projects, but does not intend to withdraw from existing gas projects.
Total will continue to own more than 20 percent of Yamal LNG, Russia’s largest LNG plant, 10 percent of Alaska LNG 2, which is currently under construction, 19.4 percent of Novatek, which controls both projects, Novatek 49 percent of Terneftegas. With, 20 percent in the Kharyaga region, which belongs to Zarubezneft and 10 percent in LNG transshipment centers in Murmansk and Kamchatka.
In any case following Total’s example, rather than traditional and far from his declarations of global peace, for Western politicians the concepts of ‘responsible democracy’ are rarely separated from acts of business, which face the apparent reality. .
—AnyTV News
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