Risks of attracting partners

Given the unstable macroeconomic and political situation, attracting partners to implement joint projects is both a critically important and difficult task. With the large-scale slashing of investment budgets, potential partners are reducing their activity, and decisions to join new projects are being postponed indefinitely.

The sanctions introduced in 2014 by the U.S., EU nations and certain other countries with respect to the Russian energy sector are an additional restriction on the development of partnership relations.

Risk management measures

The company conducts continuous work with potential partners and mulls the possibility of attracting partners from the Russian Federation and the Asia-Pacific region countries that did not impose sanctions on Arctic projects. Regular negotiations and meetings are held as part of this process, including with the involvement of representatives of the following government authorities: the Government of the Russian Federation, Russian Ministry of Energy, Ministry of Foreign Affairs and Ministry of Economic Development.