The Australian government's decision to sanction a Russian billionaire has revealed an unexpected link between the war in Ukraine and the remote Northern Territory.
A gas company exploring the Northern Territory's Beetaloo Basin says Australian sanctions against a Russian billionaire with links to the project are unlikely to affect its drilling activities.The Australian government has sanctioned two more Russian oligarchs in response to the war in Ukraine
The billionaire was previously the subject of international sanctions over Russia's 2014 invasion of Crimea. "Neither Lamesa Holdings, nor Mr Vekselberg, are a party to the Beetaloo Basin joint venture," the company said in a statement.Origin Energy is one of several gas companies pushing to frack the Beetaloo Basin in the face of mounting climate concerns.
"Origin reiterates that it is appalled by the Russian invasion of Ukraine and will comply with all Australian rules and laws," the statement said.The Australasian Centre for Corporate Responsibility's Dan Gocher said his organisation had sent questions to Origin about the exact size of Mr Vekselberg's interest in Falcon Oil & Gas.
"With the subsidies that the government is throwing at the Beetaloo Basin, Vekselberg could benefit from taxpayer subsidies, and that's not something that any of us want to see."
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Origin, Rio Tinto feel heat as Australia widens oligarch sanctionsAustralian resources projects controlled by Rio Tinto and Origin Energy have been thrown deeper into uncertainty after the federal government extended sanctions to Russian oligarchs.
Read more »
Official 2022 AMPOL STATE OF ORIGIN TicketsExperience the emotional rollercoaster of Australia’s greatest rivalry LIVE and in-person this year! UNREAL 🎫
Read more »
Russia-Ukraine war latest: Biden to warn Xi against backing Putin as Russian military offensives falter – liveJoe Biden and Xi Jinping to speak for first time since war began; UK military intelligence says logistics and counterattacks hampering Russian advance
Read more »
Origin, Rio Tinto feel heat as Australia widens oligarch sanctionsAustralian resources projects controlled by Rio Tinto and Origin Energy have been thrown deeper into uncertainty after the federal government extended sanctions to Russian oligarchs.
Read more »
Australian government extends sanctions to Russian oligarchs Oleg Deripaska and Viktor VekselbergThe two men have stakes in Australian resource projects and had been omitted from an earlier list of targeted individuals
Read more »
Russian oligarch with stake in Gladstone refinery sanctionedThe Australian government has slapped sanctions on two more Russian oligarchs, including the president of Russian aluminium company Rusal, which has a 20 per cent share in the Queensland Alumina Refinery in Gladstone.
Read more »