The Presidential Daily Brief

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  1. ‘Sanctioned’ Rosneft Begins Norway Drilling

    Oil companies were never going to be very happy about the West’s anti-Russian stance, which is clear from their eager attempts to squeeze through loopholes in the current trade restrictions. Sanctioned Russian energy conglomerate Rosneft is about to begin drilling its first Norwegian oil well, in partnership with Norway’s Statoil. America’s Exxon Mobil is also partnered with Rosneft and will soon begin drilling in the Russian arctic. How can they do this? The sanctions exempt deals inked before Russia came out as a pariah nation.

    FT, BBC

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