2026-10-25 03:27 UTC
The Russian company Novatek
has been secretly funding a multibillion-dollar U.S. gas project
that has been discussed in negotiations between the White House and the Kremlin over ending the war in Ukraine,
the New York Times (NYT) first reported on Oct. 23.
Novatek is Russia's second-largest producer of liquefied natural gas (LNG)
and has been subject to U.S. sanctions since the full-scale invasion of Ukraine in 2022.
Polar LNG, an American company aiming to liquefy and export natural gas from Alaska,
received secret funding from Novatek in potential violation of sanctions,
the NYT reported, citing the company's former CEO and two other sources familiar with the matter.
John Riddle, former CEO of Polar LNG, resigned from the company in September after learning about the hidden ties to Novatek.
Riddle said he had been told the funding came from a company in the United Arab Emirates
https://kyivindependent.com/sanctioned-russian-energy-giant-secretly-funded-us-gas-project-nyt-reports/
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