L.A. Times: Trump administration refuses to let Exxon Mobil drill for oil in Russia
The Trump administration has denied a request from Exxon Mobil Corp. to waive U.S. sanctions against Russia to allow the company to resume oil drilling around the Black Sea.
Treasury Secretary Steven T. Mnuchin said Friday in a brief statement that the administration “will not be issuing waivers to U.S. companies, including Exxon, authorizing drilling prohibited by current Russian sanctions.”
Exxon said it understood the decision, while suggesting that the outcome will merely help European oil companies operating under less-stringent restrictions.
The decision comes two days after the news that the energy giant was seeking a waiver to resume a joint venture with Rosneft, a Russian state-owned oil company.
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Update #1: US refuses to waive Russian sanctions, denies Exxon request to drill in Black Sea (DW)
Update #2: No waivers for Russia sanctions, Treasury tells Exxon (RT)
WNU Editor: If the White House had said yes .... the optics and the media frenzy that would follow would be ruthless.