NEW YORK (AFP) – ExxonMobil said Thursday that US and European Union sanctions against Russia could cost the US oil giant as much as $1 billion.Exxon wound down last year a number of prohibited joint venture activities with Russian oil major Rosneft in the Black Sea, Arctic regions and onshore western Siberia, the company said in its annual report to regulators.The maximum exposure to loss from these joint ventures was $1 billion at the end of 2014, the report said.US sanctions targeted Rosneft, as well as Rosneft president Igor Sechin, a confidant of Russian President Vladimir Putin. The sanctions included …read more
Source: Dunya TV
