Recently the United States and the EU imposed additional targeted sanctions against Russia in response to the ongoing conflict in Ukraine. Although previous sanctions issued by the U.S. and EU since March 2014 affect various sectors of the Russian economy, including Russia’s military industrial complex, the most recent sanctions target Russia’s financial and energy sectors.
Since March 2014, the United States has imposed visa bans on certain government officials and blocked property and interests in property of certain persons and entities that are stated to contribute to the situation in Ukraine. The most recent sanctions imposed restrictions on exports and re-exports of oil- and gas-related items for deepwater, Arctic offshore, or shale projects in Russia. These sanctions have been imposed primarily by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) and the U.S. Commerce Department’s Bureau of Industry and Security (“BIS”).
Renewable energy companies in the United States might lose a friend in the coming months. Conservative Republicans are trying to kill the Export-Import Bank, the independent and self-sustaining federal agency founded during the Great Depression that helps finance the purchase of American-made goods and services by overseas buyers. The bank’s current authorization expires at the… Keep reading →
As we continue to bolster our energy industry coverage – layering voices from a variety of influential stakeholders on top of our original reporting – Breaking Energy now features “Law Firm Perspectives,” which include legally-focused analysis briefs from firms with leading energy practices. The feed is powered by JDSupra. A major component of our editorial strategy… Keep reading →
We all know money talks, and that is certainly the case in capital-intensive energy businesses. Whether it’s developing a utility-scale wind or solar power project, bringing a natural gas field online or launching an energy efficiency services company, millions and even billions of dollars can be spent before profits are generated. And bringing investors onboard… Keep reading →
The innovative event series New York Energy Week is back in its second year to celebrate leading companies, government officials, entrepreneurs and the other stakeholders who help the state’s various energy sectors and businesses run smoothly. In order to highlight some of the important people at the cutting edge of New York energy initiatives, Breaking… Keep reading →
Another indicator of solar going mainstream SolarCity is offering another $70.2 million in asset-backed notes. Late last year, SolarCity executed on a solar financing milestone and offered a private placement of $54.4 million of an “aggregate principal amount of Solar Asset Backed Notes, Series 2013-1.” That was one of the first times securitization was employed… Keep reading →
Americans understand that some debates in Washington are often marked by major philosophical and political differences. And we’ve all watched disagreement amongst the major parties stall controversial issues like financial and healthcare reform and even shut down our government. However, a more startling byproduct is the way partisanship is taking its toll on issues that… Keep reading →
The changing relationship between international oil companies and national oil companies is a fascinating topic that constantly shifts with global economic trends, supply/demand fundamentals, geopolitical balance of power and much more. The global oil market pivot eastward toward rapidly expanding Asian economies is nothing new, but the prospect of a powerful new Asian-based international oil… Keep reading →
President Obama proclaimed in his 2014 State of the Union address that his “all the above” energy strategy is working. He then directed the focus to one specific renewable energy source, stating the following: “Now, it’s not just oil and natural gas production that’s booming; we’re becoming a global leader in solar too. Every four… Keep reading →