Moscow Seeks Deeper Engagement with U.S. on Sakhalin-1 Project

Russian Deputy Foreign Minister Sergei Ryabkov stated that Moscow is open to further discussions with the U. S. regarding energy cooperation, specifically mentioning the Sakhalin-1 project.

Russian Deputy Foreign Minister Sergei Ryabkov stated that Moscow is open to further discussions with the U. S. regarding energy cooperation, specifically mentioning the Sakhalin-1 project.

He noted ongoing contact and dialogue between Russia and the U. S. Ryabkov highlighted Sakhalin-1 as a clear example of their renewed efforts.

President Vladimir Putin recently signed a decree that may allow foreign investors, including Exxon Mobil, to reclaim shares in the project.

Exxon had previously held a 30% share but exited after significant financial losses related to the situation in Ukraine.

With information from Reuters

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