Russia ready to re-route energy flows if hit by new sanctions

A view shows pipelines near a gas processing facility, operated by Gazprom company, at Bovanenkovo gas field on the Arctic Yamal peninsula, Russia May 21, 2019. REUTERS/Maxim Shemetov/File Photo
A view shows pipelines near a gas processing facility, operated by Gazprom company, at Bovanenkovo gas field on the Arctic Yamal peninsula, Russia May 21, 2019. REUTERS/Maxim Shemetov/File Photo

MOSCOW, Feb 16 (Reuters) – Russia would be ready to re-route supplies to other markets should new Western sanctions target its energy sector, finance minister Anton Siluanov said on Wednesday.

Siluanov did not say how Moscow would divert its energy exports but said that Russia’s foreign exchange reserves, National Wealth Fund and a budget surplus should shield its economy and banks from any possible sanctions hit. read more 

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