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