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Russia: Total to continue investing in Russia despite sanctions00:59

Russia: Total to continue investing in Russia despite sanctions

Russian Federation, St Petersburg
June 16, 2016 at 20:13 GMT +00:00 · Published

The CEO of Total, Patrick Pouyanne, announced that the oil and gas company will continue to invest in Russia despite imposed sanctions. Pouyanne made the statement while speaking to RT on the first day of the Saint Petersburg International Economic Forum (SPIEF), Thursday.

Pouyanne stated that "in Russia there is a lot of oil, a lot of gas. And when you are an oil and gas company, you go where the gas is. And especially in Russia because it is low-cost gas, which is very important."

SPIEF was established in 1997 and since then is being held under the patronage of the Russian Federation president. Topics on the world's economy, including the growing role of emerging markets in shaping the regional and global agenda, are expected to top the agenda of the SPIEF discussions.

Russia: Total to continue investing in Russia despite sanctions00:59
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Description

The CEO of Total, Patrick Pouyanne, announced that the oil and gas company will continue to invest in Russia despite imposed sanctions. Pouyanne made the statement while speaking to RT on the first day of the Saint Petersburg International Economic Forum (SPIEF), Thursday.

Pouyanne stated that "in Russia there is a lot of oil, a lot of gas. And when you are an oil and gas company, you go where the gas is. And especially in Russia because it is low-cost gas, which is very important."

SPIEF was established in 1997 and since then is being held under the patronage of the Russian Federation president. Topics on the world's economy, including the growing role of emerging markets in shaping the regional and global agenda, are expected to top the agenda of the SPIEF discussions.

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