Russia will create a firm that will take over all rights and obligations of the Sakhalin Energy Investment Company amid Western sanctions imposed on Moscow, a decree signed by President Vladimir Putin said on Thursday. The 5-page decree indicates that it is up to the government of sanctions-hit Russia to decide whether foreign shareholders are to remain in the Sakhalin Energy Investment Company, a consortium for developing the Sakhalin-2 oil and gas project in Russia’s far east. Its shareholders include Russian gas giant Gazprom (GAZP.MM) (50% plus one share) and Shell (SHEL.L) (27.5% minus one share). Leading Japanese traders, Mitsui & Co (8031.T) and Mitsubishi Corp (8058.T) , own stakes of 12.5% and […]