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Russian Oil Stocks Get Antsy As Obama Ups The Ante

wochit news
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May 02, 2014 AT 10:57 AM
President Obama reiterated his plans to protect Ukraine from a Russian incursion Friday by talking up sanctions with the press in Washington. This week, U.S. Treasury added 17 companies to the list, all of them controlled by the Russian politicians and billionaires on Washington’s black list. Russia’s largest state owned oil company, is down 2.4%. Its chairman, Igor Sechin, was sanctioned from traveling to the U.S. this week. Rosneft was not sanctioned, but investors and oil companies are wary that Washington’s threats could become more than rhetoric.