US oil giant Exxon Mobil will not be allowed to resume drilling in Russia after US President Donald Trump vowed to uphold sanctions, The BBC has reported.
The US Treasury Department said that, after talks with Mr Trump, it would not waive trade sanctions on Russia for US firms seeking to restart work.
It had been reported that Exxon, the world’s largest publicly traded oil company, had sought a dispensation.
The US and European Union imposed economic sanctions on Russia in 2014.
It followed Russia’s annexation of the Crimea region in 2014 and role in the conflict in eastern Ukraine.
Treasury Secretary Steven Mnuchin said …read more
Source: EU Today
