Kremlin reacts to claims about nationalization of major gas project ...News

Economy by : (Russia Today) -
President Putin ordered a domestic company to take ownership of Sakhalin 2 on Thursday The change in ownership of the Sakhalin-2 oil and gas project in Russia’s Far East should not be viewed as nationalization, Kremlin spokesman Dmitry Peskov said on Friday. On Thursday, Russian President Vladimir Putin signed a decree ordering the creation of a firm to take over all rights and obligations of the Sakhalin Energy Investment Company. The document indicates that it is up to Moscow to decide whether foreign shareholders are to remain in the enterprise. Asked whether other projects involving Western corporations in Rus

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