Financial Times FT.com

Clinton Global Initiative

Moscow faces global oil backlash

By FT Reporters

Published: September 19 2006 22:29 | Last updated: September 19 2006 22:29

Russia was facing a global backlash on Tuesday over its threat to halt work on a $20bn (£10.6bn) energy project led by Royal Dutch Shell.

Japan led the chorus of anger. Shinzo Abe, chief cabinet secretary and front-runner to be next prime minister, warned the move would damage international relations and jeopardise foreign investment. The European Union voiced concern and Britain protested to the Russian authorities.

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