Zakirov: penalties against the oil industry in the Russian Federation give the opposite effect

Punishment of the West regarding the oil complex of Russia does not produce the expected effect and, instead, encourage organizations to adopt new technologies and increase productivity, says the head of the oilfield services organization Targin (former Bashneft-Service assets " ) Kamil Zakirov.

"The effect that I see is completely different. Punishment does not restrict the Russian Federation, and help her to work with fresh technology and fresh resources. It's ironic, but so It is, " Zakirov said at a roundtable at the international conference on oil in Houston.

He said, in a period of high oil prices and the lack of punishment most of the oil organization in the Russian Federation was not thinking about the increase in production efficiency, As received sufficient profit.

Zakirov has led the data analysis of the reaction of large Russian companies to punishment, according to which none of them have significantly reduced capital spending, most of them have postponed the implementation of long-term projects. Capitalization in rubles increased due to the devaluation of the Russian currency, which gives advantages in the ruble area ". While the rate of increase of capitalisation ahead of the pace of decline of the ruble, drew the attention of a specialist.

"currently the most appropriate time to produce equipment and technology, added that Price there in Russia, to become the service provider and to benefit from the low rate of the ruble," He said.

Zakirov said his Firm also expects to improve production and to market a new line of items and services.

As the United States and the European Union has imposed penalties against Russian politicians, businessmen and organizations

Western countries since March 2014 several times already imposed punishment on a number of Russian politicians, businessmen and organizations because of Russia's position on Ukraine. The last case of the use of such practices was the list of individual sanctions against individuals, which the EU considers responsible for destabilizing the situation in Ukraine, announced in February.





The Russian President Vladimir Putin on 6 August about the use of the individual to ensure safety. The import of a number of items from countries that have imposed the punishment is relatively capital of Russia, is bounded on the year. In the corresponding list includes beef, pork, fruits, poultry, cheeses and dairy products, nuts and other products. A complete list of prohibited to import into the Russian Federation of products -


sections: Politics