, 5 tweets, 2 min read Read on Twitter
After three years work on the Baltic Coast project, Shell discovered that Gazprom was bringing in a company linked to Arkady Rotenberg, who is on a U.S. sanctions blacklist. google.com/amp/s/mobile.r…
According to the two sources close to Shell, Gazprom did not consult with Shell about bringing in the firm, which is called RusGazDobycha, but instead presented it with the plan as a fait accompli.
One of the problems for Shell was that Rotenberg, a long-standing friend of Putin and his former judo training partner, was under sanctions and that created sanctions risks for Shell too
The majority owner of NGG now is Artyom Obolensky, who is also chairman of the board of SMP Bank, controlled by Arkady Rotenberg and his brother Boris.
The sanctions designation stated that the brothers had amassed enormous amounts of wealth during the years of Putin's rule, and that they had received high-price contracts to carry out work for Gazprom and the 2014 Winter Olympic games in the Russian Black Sea resort of Sochi.
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