Treasury Dept. Denies Exxon Waiver To Resume Oil Drilling In Russia

ARCHIV - US-Finanzminister Steven Mnuchin spricht am 18.03.2017 in Baden-Baden (Baden-Württemberg) im Kongresszentrum beim Treffen der G20-Finanzminister während einer Pressekonferenz. Unter dem Eindruck einer neue... ARCHIV - US-Finanzminister Steven Mnuchin spricht am 18.03.2017 in Baden-Baden (Baden-Württemberg) im Kongresszentrum beim Treffen der G20-Finanzminister während einer Pressekonferenz. Unter dem Eindruck einer neuen US-Wirtschaftspolitik trifft sich von Donnerstag an die internationale Finanzelite in Washington. Bei der Frühjahrstagung von Internationalem Währungsfonds und Weltbank wird unter anderem die globalisierungsfreundliche IWF-Chefin Lagarde mit US-Finanzminister Mnuchin diskutieren, der als Vertreter von Trumps Abschottungspolitik gilt. (zu dpa «IWF und Weltbank starten Frühjahrstagung in Washington» vom 19.04.2017) Photo by: Franziska Kraufmann/picture-alliance/dpa/AP Images MORE LESS

Treasury Secretary Steven Mnuchin on Friday afternoon announced that the Treasury Department would not grant ExxonMobil a waiver from U.S. sanctions to resume its drilling ventures in Russia.

“In consultation with President Donald J. Trump, the Treasury Department will not be issuing waivers to U.S. companies, including Exxon, authorizing drilling prohibited by current Russian sanctions,” Mnuchin said in a statement.

The Wall Street Journal reported on Wednesday that Exxon had applied for a waiver to pick back up its joint venture with Rosneft, the Russian state-owned oil giant. Exxon initially applied for the waiver in July 2015, and the company restarted its push for approval in March of this year, according to the Wall Street Journal.

The company revived its effort to win approval for the waiver about a month after Rex Tillerson, the former CEO of Exxon, began his tenure as secretary of state.

 

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