The Financial Magazine 'JUS', 7 November 2014

In an interview in the Financial Magazine ‘JUS’ Liv Monica Stubholt, Chair of the Board of Directors of the Norwegian-Russian Chamber of Commerce and Partner in Hjort says that it is unfortunate that the sanctions are introduced at the same time as the Norwegian oil industry is slowing down. She argues that the business sector is the one to carry the burden of the European sanctions made towards Russia in the long run and that the sanctions can have a serious ripple effect due to the insecurity they have caused. 

Read the interview with Liv Monica Stubholt (in Norwegian only)

In another interview in the same magazine, partners and lawyers in the NRCC member firm, Simonsen Vogt Wiig, discuss the juridical consequences of the conflict between Putin and the West. Simonsen Vogt Wiig says there is a large degree of insecurity among Norwegian business sector that are linked to Russia. However, because the Norwegian Ministry of Foreign Affairs is responsible for the handling of the sanctions, the Norwegian companies have avoided a lot of bureaucracy compared to Simonsen Vogt Wiig’s foreign clients, says lawyer Hege Hellström Henriksen.

Read the interview with lawyers in Simonsen Vogt Wiig (in Norwegian only)