Oil development projects in Russia will likely feel the pinch of international sanctions against the country as the situation creates fear and uncertainty among creditors and investors, according to a report by IHS Global. "Russia needs to attract investment, and this discourages it," said IHS Global analyst Julia Nanay. Among large-scale projects that could be affected by the sanctions is Gazprom's $17 billion pipeline that would transport Russian natural gas to elsewhere in Europe.

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