Russia's commission on foreign investments has decided to extend its review of Schlumberger's proposed acquisition of Eurasia Drilling Company. The extended probe comes against the backdrop of new US economic sanctions, said Andrei Tsyganov, the deputy head of Russia's the Energy Ministry. "This is related to [the latest] sanctions against Russia and against Russian citizens. It is absolutely clear that such deals should be scrutinised ten times more thoroughly in such environment", Tsyganov said. The regulator has given several bodies, including Federal Antimonopoly Service, one month in which to give their opinions on the deal, Tsyganov said.
Russia's commission on foreign investments has decided to extend its review of Schlumberger's proposed acquisition of Eurasia Drilling Company. The extended probe comes against the backdrop of new US economic sanctions, said Andrei Tsyganov, the deputy head of Russia's Federal Antimonopoly Service. "This is related to [the latest] sanctions against Russia and against Russian citizens. It is absolutely clear that such deals should be scrutinised ten times more thoroughly in such environment", Tsyganov said. The regulator has given several bodies, including the Energy Ministry, one month in which to give their opinions on the deal, Tsyganov said.