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Russia: Sanctions will not impact business - MOL chief00:59

Russia: Sanctions will not impact business - MOL chief

Réunion, Moscow
June 18, 2014 at 12:39 GMT +00:00 · Published

The 21st World Petroleum Congress got underway in Moscow for its third day on Wednesday, an event which claims to be the largest global and oil exhibition ever to take place in Russia.

Jozsef Molnar, the chief of the MOL Group told journalists any sanctions against Russia will not impact doing business with the country.

During the press conference with the MOL Group, one of Hungary's biggest investment groups, Molnar also commented on Ukrainian conflict, saying his company does not expect it to materially affect its operations.

The World Petroleum Congress is considered the most prestigious gathering in the oil business and is usually staged every three years, with 2014's event taking place in Russia for the first time.

Russia: Sanctions will not impact business - MOL chief00:59
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Description

The 21st World Petroleum Congress got underway in Moscow for its third day on Wednesday, an event which claims to be the largest global and oil exhibition ever to take place in Russia.

Jozsef Molnar, the chief of the MOL Group told journalists any sanctions against Russia will not impact doing business with the country.

During the press conference with the MOL Group, one of Hungary's biggest investment groups, Molnar also commented on Ukrainian conflict, saying his company does not expect it to materially affect its operations.

The World Petroleum Congress is considered the most prestigious gathering in the oil business and is usually staged every three years, with 2014's event taking place in Russia for the first time.

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