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Sat, Jul 15, 2017 6,747

A Japanese group’s plans to explore for Russian oil with state-run Rosneft PJSC have been stymied by US intervention over sanctions, according to people familiar with the matter.

Washington’s objection to the Japanese oil exploration project in the ocean off Russia’s Far East shows the US Treasury is maintaining a firm line on sanctions, even as some international companies press on with Russian energy deals.