Russia’s Oil Drilling Boom Proves Moscow’s Resilience to Western Sanctions

Reported by Bloomberg News Last year, the US sanctioned dozens of companies that produce drilling equipment and develop new production techniques, aiming “to limit Russia’s future extractive capabilities.” The European Union in 2022 imposed “comprehensive exports restriction on equipment, technology and services for the energy industry in Russia.” Two of the world’s largest oil-service providers — Halliburton Co. and Baker Hughes […]