Trump administration denies ExxonMobil permission to drill for oil in Russia

Treasury Secretary Steven Mnuchin said in a statement Friday that the administration has denied ExxonMobil’s request to bypass sanctions and resume drilling in Russia.

The Treasury statement said that the decision had been reached in direct consultation between Mnuchin and President Trump.

Exxon’s lucrative joint venture with Russia’s Rosneft has been ground to a halt since President Obama placed sanctions on the Russian Federation for its actions in Ukraine.

The U.S. energy giant requested the waiver to allow it to bypass sanctions and restart drilling.

Rich Mitchell

Rich Mitchell is the editor-in-chief of Conservative Daily News and the president of Bald Eagle Media, LLC. His posts may contain opinions that are his own and are not necessarily shared by Bald Eagle Media, CDN, staff or .. much of anyone else. Find him on twitter, facebook and GETTR

Share
Published by
Rich Mitchell

Recent Posts

Trump Judge Hands DOJ Win In Historic Antifa Terrorism Trial

A Trump-appointed federal judge rejected attorneys’ motions to suppress mounds of evidence on Tuesday in…

4 hours ago

Senate Forces Swamp To Fully Adopt Trump’s Signature Policy

The Senate voted along party lines 51-46 on Wednesday to force Washington, D.C. to enact…

4 hours ago

Problem At Disney Is About Culture, Not The CEO

Disney announced that Bob Iger is stepping down and handing the reins to his handpicked…

4 hours ago

New Jobs Report Shows Labor Market Changing

January’s jobs report smashed expectations and signals a turning point in the labor market where job creation…

4 hours ago

Truth Hurts

The Democrats’ effort of trying to hurt Trump with the Epstein files has backfired bigly.…

4 hours ago

Flights Halted After Mexican Cartel Drones Breach US Airspace

The Federal Aviation Administration (FAA) overnight ordered a sudden 10-day halt to flights in and…

4 hours ago