Russia's Novatek, the leading shareholder in the Yamal-LNG project, will not change its future plans, the company's Chief Executive Leonid Mikhelson told Prime Minister Dmitry Medvedev on Tuesday.
Novatek and one of its owners, Gennady Timchenko, are under U.S. sanctions. Novatek is prevented from raising debt of more than 90 days from or with the help of U.S. companies or individuals.
"I think that putting us on the sanctions list will not force us to change our plans," Mikhelson was quoted as saying by Russian news agencies. "All orders are being placed. Almost all [LNG] volumes are covered by contracts."
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
