Gazprom says assesses impact on new US sanctions on company

MOSCOW, Aug 30 (PRIME) -- Gas giant Gazprom is assessing the possible impact of the new U.S. anti-Russian sanctions on the company, Gazprom said in a report late on Tuesday.

“The U.S. signed the law that provides for the imposition of further sanctions against the Russian Federation that potentially affects also the interests of the Group. The implications of the law on the activities the Group pursues in Europe and on its international projects depend largely on the acts that will be introduced by the U.S. President and the U.S. Treasury Department for the implementation of the provisions of the law. The Group is currently assessing the impact of the sanctions on its activities,” Gazprom said.

Earlier in August, U.S. President Donald Trump signed a bill introducing additional sanctions against Russia among several other states. The bill prohibits companies to invest more than U.S. $1 million in a single payment or more than $5 million during the course of a year in construction of Russian export pipelines, as well as provision of goods, services, technologies and information support for the construction.

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