About $700 million will be invested in the Sakhalin-1 project in 2002, Economy Minister German Gref announced at a press conference today. The conference was devoted to results of his trip to the Sakhalin region. $1.4 billion are going to be invested in this project in 2006 and $15 billion in 2015. At the same time, the federal budget will receive $7.5 billion. An agreement on investments into the project was reached during negotiations between the Russian side and the project's manager Exxon Neftegaz, a Russian subsidiary to the US Exxon Mobile. The minister noted that according to the agreement, 75 per cent of contractors in this project will be Russian companies.
In 2014, Joe Biden was the Vice-President of the Obama government and John Kerry was the Secretary of State. They worked in the same direction when it come to Russia, but Biden was the driving force when it came to bringing about a coup d´etat in Ukraine