Sanctions Conference: Banking and the Energy Sector, a Pivotal Year of Sanctions Transition

  • 9 July 2019
  • 09:30 - 16:30

The past year has seen increasingly punitive US measures against oil and gas producing countries including Iran, Russia and Venezuela. This includes a continued US Congress focus on Russia's energy sector plus the administrations hard line approach, including the non-renewal of Iranian oil waivers and the designation of Venezuela’s state oil company PDVSA. Whilst the impact of such measures may not be immediately dramatic the longer-term sanctions implications for global energy markets may prove much more influential. In fact, when combined the up-scaling of sanctions is likely to play a key factor in how and where businesses invest and magnifies compliance scrutiny across the whole energy infrastructure including transportation, insurance, trading of energy commodities and project financing developments.