US Will Not Issue Russia Sanctions Waiver to ExxonMobil - Treasury Secretary

© AP Photo / J. Scott ApplewhiteTreasury Secretary-designate Steven Mnuchin arrives on Capitol Hill in Washington, Thursday, Jan. 19, 2017, to testify at his confirmation hearing before the Senate Finance Committee
Treasury Secretary-designate Steven Mnuchin arrives on Capitol Hill in Washington, Thursday, Jan. 19, 2017, to testify at his confirmation hearing before the Senate Finance Committee - Sputnik International
Subscribe
US
India
Global
The US Treasury secretary said the US would not exempt oil company ExxonMobil from Russian sanctions.

United States Capitol - Sputnik International
US Congress Opposes Anti-Russian Sanctions Waiver for ExxonMobil
WASHINGTON (Sputnik) — The United States will not exempt oil company ExxonMobil from Russian sanctions, Treasury Secretary Steven Mnuchin said in a statement on Friday.

"In consultation with President Donald J. Trump, the Treasury Department will not be issuing waivers to US companies, including Exxon, authorizing drilling prohibited by current Russian sanctions," Mnuchin stated.

On Tuesday, The Wall Street Journal reported that ExxonMobil applied for a sanctions waiver to resume business with the Russian oil giant Rosneft.

The two companies signed a joint venture worth hundreds of billions of dollars in 2012 when Secretary of State Rex Tillerson was Exxon’s CEO.

US lawmakers in both major political parties in the United States had called for the waiver to be denied.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала