Norway introduced on 15 August restrictive measures against Russia in response to the country’s law unconstitutional acts of Ukraine.
The measures involves the introduction of an export license on selected technology when exported to Russia. It is also prohibited to export the technology for use in oil exploration and production in deep water, Arctic oil exploration and production or shale oil projects in Russia.
Russia introduced August 7th import ban on a variety of foods in response to the Western countries including Norway, have introduced restrictive measures against Russia. Import Stop to Russia foods frames Norwegian seafood industry. The Ministry is now working closely with the industry to take measures to limit the damage.
– Dramatic consequences
Industry Minister Monica Maeland gathered Wednesday afternoon representatives from large parts of the Norwegian business sector to discuss the implications this has for the business. The meeting finished at 13:30 pm on Wednesday.
There is currently quite unclear how this affects Norwegian industry in the short term.
– How dramatic consequences can be long term for the business?
– The further restrictions and the situation lasts, the more dramatic it is. We must remember that the reason we do this is to respond to an international law action and annexation of another country. Russia, despite repeated requests, not done anything to stabilize the situation. As long as the situation persists, the restrictions will continue. The longer this goes, the harder it becomes for the industry, says Mæland to Aftonbladet.
The Minister reported an overall understanding and support for the sanctions that Norway has introduced to Russia.
– The is a general concern that the longer this lasts, the harder and harder it gets, and we understand, she said.
– I’m no better at predicting the future than others, but clearly that the longer this goes, the harder it is for business, and the harder it becomes to get back to a normal situation, says Mæland, referring to the Foreign Ministry on issues of political dialogue with Russia.
Should quantify implications
Industry Minister has not been specified or quantified how much impact can or will be for the business.
The Ministry shall now calculate.
– Is it obvious that this will have serious economic consequences for Norwegian actors?
– There will be consequences, the size is up to us to figure out depending on the extent and duration of action.
– We should at least have an idea about this. How accurate it is, we must look for a bigger consideration. We will do this on behalf of the business.
The Minister does not believe that Norwegian jobs will be lost as a direct result of Russia sanctions.
– I have no knowledge of. I have no reason to believe. But it involves loss and a situation in parts of the business in the long term, there is no doubt, says Mæland.
– consequences for businesses are huge already, she said.
Discussed Not Statoil
15. August is an important intersection. Commercial Agreements entered into before this is not affected by the sanctions, according to industry minister.
– We have introduced sanctions in line with the EU countries.
– Does this retrospectively before August 15th?
– No, it has not. There’s constitution decided that such sanctions can not be applied retroactively, said Mæland to Aftonbladet.
She denies that Statoil Russia cooperation was discussed specifically at the meeting.
– We did not discuss specific companies but industries such as shipping, oil and gas and finance, she says.
Top Heavy meeting
Here is a list of attendees.
from industry organizations :
Export Credits Norway
1. CEO Jarle Roth
2. Head of legal Tobias Hvinden
Finance Norway
3. CEO Idar Kreutzer
4. Deputy Director Ellen Bramness Arvidsson
GIEK
5. Managing Director Wenche Nilstad
6. Attorney Brett Torgersbråten
GIEK Credit Insurance
7. Managing Director Erica Blakstad
Innovation Norway
8. CEO Finn Kristian Aamodt
INTSOK
9. CEO Sjur Bratland
10. Senior Adviser Jan Erik Strand
Unions
11. Adviser Robert R. Hansen, International Department
12. Counselor Marianne Breiland, Economic Policy Department
Nordisk Defence Club
13. Lasse Brautaset
NSA
14. Section Charlotte Deme Power
15. Consultant Emergency Secretariat Line Falkenberg Ollestad
Norwegian Industry
16. Industry Manager Oil & amp; gas Runar Rugtvedt
Norwegian Maritime Exporters – not confirmed
Norwegian oil & amp; gas
17. Lawyer Oluf Bjorndal
18. Advisor Industrial Policy Benedicte Solaas
Norwegian-Russian Chamber of Commerce
19. Chairman Liv Monica Stubholt
20. CEO Jarle Forbordsfjellet
Confederation of Norwegian
21. Adviser Torkel Thorsen
22. Communications Tuva Gaarder Nordlie
Industry and Fisheries Ministry
23. Industry Minister Monica Maeland
24. Secretary Dilek Ayhan
25. Secretary Reier Søberg
26. General January Farberg, Trade Policy Department
27. General Morten Berg, Economic Policy Department
28. Director Birgit Løyland, Trade Policy Department
29. Director Julie Rønning, Trade Policy Department
30. Deputy Director Ine Charlott Paulsen, Trade Policy Department
31. Adviser Simen Svenheim, Trade Policy Department
32. Technical director Paul Magnus Oma, Economic Policy Department
33. Adviser Kristine Pedersen, Maritime Department
Foreign Affairs
34. Ambassador to Russia Leidulv Namtvedt
35. Director Helge Seland, Legal Department
36. Director Håvard Eriksen, Legal Department, Section for humanitarian and criminal law
37. Assistant Director Siv Kaspersen, Division of Export Control
38. Assistant Director Thomas Stangeby-Mosberg, Business Section
MPE
39. Assistant Director Mette Agerup, Oil and Gas Department
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