Home >> Trending Topics >> In The News >> Trump administration denies ExxonMobil permission to drill for oil in Russia

Trump administration denies ExxonMobil permission to drill for oil in Russia

exxonmobile sign

Treasury Secretary Steven Mnuchin said in a statement Friday that the administration has denied ExxonMobil’s request to bypass sanctions and resume drilling in Russia.

The Treasury statement said that the decision had been reached in direct consultation between Mnuchin and President Trump.

Exxon’s lucrative joint venture with Russia’s Rosneft has been ground to a halt since President Obama placed sanctions on the Russian Federation for its actions in Ukraine.

(Article Continues Below Advertisement)

The U.S. energy giant requested the waiver to allow it to bypass sanctions and restart drilling.

(Article Continues Below Advertisement)
Sponsored Content
Wake up Right! Subscribe to our Morning Briefing and get the news delivered to your inbox before breakfast!

Sponsored Content
0

About R. Mitchell

Rich Mitchell is the editor-in-chief of Conservative Daily News and the president of Anomalous Media, LLC. His posts may contain opinions that are his own and are not necessarily shared by Anomalous Media, CDN, staff or .. much of anyone else. Find him on twitter, facebook and
Sign up for our Newsletter

* indicates required field




Email Format


Subscribe!