Support The Moscow Times!

U.S. Oil Firm Exxon Mobil Denied Russia Sanctions Waiver

Gene J. Puskar / AP

U.S. oil firm Exxon Mobil has been denied special permission from the U.S. government to resume its business operations in Russia, the Bloomberg news agency has reported.

The company recently appealed to the U.S. Treasury Department to let the company bypass current U.S. sanctions, The Wall Street Journal wrote last week.

Exxon has applied for a visa waiver on several occasions, but renewed its efforts after its former chief executive, Rex Tillerson, became secretary of state, an unnamed source told the newspaper.

Exxon would have resumed a joint project with Russia's Rosneft to drill for oil in the Black Sea.

The company was forced to give up the work in 2014, when the White House imposed economic sanctions on Moscow in retaliation to the Kremlin's annexation of Crimea.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more