The Norwegian-Russian Chamber of Commerce (NRCC) fears the Russians will turn their backs on Norwegian companies if the sanctions regime continues. "Dagens næringsliv", 8 and 9 April 2019

On the eve of today's meeting between Norwegian Prime Minister Erna Solberg and Russian President Vladimir Putin, Liv Monica Stubholt was interviewed by a daily Norwegian business newspaper "Dagens Næringsliv".

The president of the NRCC says theres is a fear that great political backdrop could hit Norwegian industry hard in the long run.

"The knowledge of Russia's markets and Russian interest in Norway may be diminished if the restrictions persist," said Stubholt.

In the article Stubholt is quoted: "Important Norwegian companies such as Equinor and Kværner have invested and deliver in Russia, but in the long term there is a risk that the Norwegian oil and gas sector's long-term position can be taken over by others, partly by countries with the same sanction rules as Norway."

The president of the NRCC commented on how different European countries with the same sanctions rules have different approaches to supporting their business sector working towards and with Russia: "It seems to us that both the authorities and the business community in several European countries, including Sweden, Germany and Italy, are more aggressive in measures to promote the business sector, for example, with participation in the St. Petersburg international forum."

Read the full article here (available in Norwegian only).

DN 2019 04 09