The head of Rosgeo announced the refusal of contracts due to sanctions

Rosgeo was forced to leave the project in the Mediterranean due to sanctions, on which it completed almost a third of the work, Gorkov said. For African and Asian projects, the holding does not expect failures,

Against the backdrop of sanctions, Rosgeologiya was denied participation in two projects in the North and Mediterranean Seas, but the holding does not expect such refusals for projects in Africa and Asia, Sergey Gorkov, head of Rosgeologiya, said in an interview with Kommersant.

“We were denied participation in the project in the North Sea, and we were also forced to withdraw from the project in the Mediterranean Sea, for which 30% of the work has already been completed. It was an infrastructural project for laying a submarine cable between Greece and Italy, where it was necessary to study the bottom, ”he said.

According to Gorkov, "Rosgeologia" completed the project with high quality, "but was forced to leave." When asked if the order was paid for in the Mediterranean, he replied that while the payment is in process, "the act is being closed."

“The contract is small, for several million dollars. We don’t see any problems with payments, even when ships are bunkered abroad,” added the head of Rosgeo.

The head of the EC announced the work on the sixth package of sanctions against Russia Politics

At the same time, according to Gorkov, the holding does not expect failures in African and Asian projects. “We even see the possibility of increasing volumes in Uzbekistan, Mongolia and Africa,” he said.

Rosgeologia is a holding uniting more than 40 state geological enterprises. Founded in July 2011 on the basis of "Centrgeology". Belongs to the Federal Property Management Agency. It provides a wide range of services related to geological exploration, including hydrocarbons ( oil and gas) and solid minerals. At the end of 2021, Rosgeo reported a record profit over the past four years - 546 million rubles.

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