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Harriman Institute

A photo of a pile of Russian currency with a shadow of an oil rig over it.



Russian Oil and Gas: Is There Life under Sanctions?
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Important Note

Registration required. Please note that all attendees must follow Columbia’s COVID-19 Policies and Guidelines. Columbia University is committed to protecting the health and safety of its community.  To that end, all visiting alumni and guests must meet the University requirement of full vaccination status in order to attend in-person events.  Vaccination cards may be checked upon entry to all venues. 

Please join the Saltzman Institute of War and Peace Studies and the Harriman Institute for a lecture by Mikhail Krutikhin, moderated by Natasha Udensiva.

Russia has withdrawn voluntarily from the natural gas market in Europe, without any hope to access alternative markets in Asia, even though no sanctions were threatening its gas exports. In the meanwhile, its “banned” oil exports are thriving but fetch just about half of previous revenues to the state budget. Is the current strategy of Russian oil exporters short-lived? Can the West do more to decrease Putin’s access to cash needed for the Ukraine war?

Mikhail Krutikhin is a co-founder and leading analyst of RusEnergy, an independent consulting agency based in Moscow, Russia. A graduate of the Institute of Oriental Languages at the Moscow Lomonosov State University, he majored in Iranian philology in 1970, and in 1985 obtained a PhD in modern history. Between 1972 and 1992 he worked at the TASS news agency on missions to Egypt, Syria, Lebanon, and Iran. Since 1993 he has been analyzing opportunities and specifics of investments in the energy industry in the ex-USSR — first with the US-based Russian Petroleum Investor Inc., and then with RusEnergy. His current occupation includes academic lecturing and participation in international think-tanks.