And sanctions are not hurting the Russian oil/gas industry?---literally an flood of negative Interfax press releases today on the Russian oil industry.

Ouch...it seems the Russian oil industry is screaming for Russian CB support.. almost a panic tone in the releases...from Interfax today

18:48
PRODUCING OWN OIL INDUSTRY EQUIPMENT WON'T RESOLVE BAN ON IMPORTS QUICKLY - MEDVEDEV

18:46
COLOSSAL MEANS NEEDED TO FULLY REVIVE PRODUCTION OF EQUIPMENT TO PRODUCE OIL IN RUSSIA - ALEKPEROV

18:46
TAX MANEUVER TO LEAD TO INCREASED TAX BURDEN ON OIL INDUSTRY - ALEKPEROV

18:45
LUKOIL NOT EXPECTING MONEY FROM ABROAD IN MEDIUM TERM, HAS TO DEPEND ENTIRELY ON ITSELF - ALEKPEROV

18:45
EFFORTS MUST BE MOBILIZED IMMEDIATELY TO PRODUCE HYDROFRACTURING EQUIPMENT IN RUSSIA - ALEKPEROV

18:43
LUKOIL'S ALEKPEROV SAYS 25% OF OIL PRODUCED BY FRACKING, BAN ON EQUIPMENT IMPORTS FOR THIS COULD HURT OIL INDUSTRY