Risking Arctic Growth on Russian Sanctions

Aker Solutions ASA (AKSO), the offshore engineering company controlled by billionaire Kjell Inge Roekke, could miss opportunities to expand into Russia’s Arctic region if Europe and the U.S. uphold sanctions on the country, according to Bloomberg:

“If the political situation continues and the sanctions are long-term, they will mean lost market opportunities,” Chairman Oeyvind Eriksen said in Oslo yesterday. While the Fornebu, Norway-based company isn’t currently involved in any large projects in Russia, it’s “ready to consider” opportunities when the restrictions are lifted, he said.