Tsyganov told reporters that the watchdog was discussing two conditions with Schlumberger, "the transfer of operational control to the Russian management team… And the second — to sell this package so that the control went to a Russian company or a company that does not fall under these sanctions. On these two points we have also agreed."
In July, Schlumberger announced its intention to acquire 51 percent of EDC shares, with the company agreeing to the proposal.
Later, Russian Deputy Prime Minister Arkady Dvorkovich said that the deal stalled due to unpredictability of US sanctions.
According to Russian Minister of Natural Resources and Environment Sergei Donskoi, Moscow needs guarantees that the work of EDC will not be affected by the US sanctions should the company’s shares be acquired by Schlumberger. The deal also required approval by FAS.