On September 12, the United States imposed a new round of sanctions against Russia prohibiting U.S. companies from exporting goods, services, or technology to Russian defense and energy companies. Last year, the U.S. exported over $400 million worth of oilfield equipment to Russia. Consequently, the new round of sanctions has greatly affected the oil and gas compliance industry, including suspending a $20 billion joint venture between Exxon and Rosneft, Russia’s state-controlled oil company.