GAZPROM SAYS SANCTIONS WON'T SABOTAGE OPERATIONS (STA BREAKING NEWS and ARCHIVES)

by STANews , Tuesday, September 23, 2014, 13:25

Western sanctions will not hurt Russia’s Gazprom, since the company only imports 10 percent of its technology and equipment from abroad, Deputy Chairman Aleksandr Medvedev told reporters on Tuesday.

"At Gazprom we only import 10 per cent of equipment and services, 90 per cent of our demand is covered by Russia's producers," Medvedev told journalists at an industry conference held on Sakhalin, an island in Russia’s Pacific.

In August, the US and EU banned the export of technology and equipment needed for deep water, Arctic, and shale oil and gas exploration and extraction. In September the sanctions were widened to include more companies.

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http://rt.com/business/189860-gazprom-operations-ok-sanctions-medvedev/