RSS   Newsletter   Contact   Advertise with us
Post Online Media
Oil exploration   No special permissions

Trump administration to Exxon: You can't work with Russia

ExxonThe Trump administration will not grant special permission to U.S. companies, including Exxon Mobil, to carry out oil and gas drilling in Russia while sanctions remain intact, according to a statement from Treasury Secretary Steve Mnuchin.

Exxon tried to secure a waiver that would let it drill in parts of Russia currently blocked by U.S. sanctions, the Wall Street Journal reported this week.

READ MORE Exxon sues U.S. over fine levied for Russia

That ban was related to Moscow's 2014 annexation of Crimea and support for separatists in eastern Ukraine.

The push came about a month after former Exxon CEO Rex Tillerson became secretary of State.

Treasury's decision on Friday came as the Trump administration changed its tone on Russia.

After long praising Russia's Vladimir Putin, U.S. President Donald Trump last week said U.S.-Russian relations are at an "all-time low." The United States launched a missile strike on an air base in Syria, a close Russian ally.




What to read next





More inside POST
 
 

We use cookies to ensure that we give you the best experience on our website. Please allow cookies for fully-functioning website.

Allow Cookies Privacy Policy