Trump Denies Motion To Lift Russian Sanctions

U.S., April 21, 2017. REUTERS/Yuri Gripas

The United States will not make an exception for American companies, including oil major Exxon Mobil Corp, seeking to drill in areas prohibited by U.S. sanctions on Russia, Treasury Secretary Steven Mnuchin said on Friday.

The unusually direct statement served to clarify that the United States would maintain a tough stance on sanctions against Moscow.

"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 United States and European Union imposed economic sanctions on Russia over its annexation of the Crimea region in 2014 and its role in the conflict in eastern Ukraine. The sanctions forced Exxon, the world's largest publicly traded oil producer, to wind down drilling in Russia's Arctic in 2014.

"We understand the statement today by Secretary Mnuchin in consultation with President Trump," Exxon spokesman Alan Jeffers said.

Exxon had asked for and received in 2015 and 2016 waivers to operate a joint venture with Russian oil producer Rosneft in Russia. European Union sanctions do not keep European oil companies from operating in Russia, a point of annoyance for Exxon.

U.S. lawmakers are investigating possible ties between some Trump campaign aides and Moscow. Republicans in Congress as well as U.S. allies in Europe are anxious about any sign that the Trump administration might ease some of the sanctions imposed on Russia.

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Comments

  • Yup he is a Russian puppet all right that Trump is (Sarcasm). What kind of puppet hurt the Russians where it really hurt, Their pockets. The Russians have all that oil yet no one to take it out and sell it to. If Trump was indeed a Russian plant he would have lifted the sanctions months ago.

    He Bombed the Russian Allie Syria.
    He Commits more US Troops to Eastern Europe to keep the Russians in Check. He slap the Russian Allie Iran with Sanctions. Now he will keep the Sanctions on Russia. Does this sound like a guy who is under Russian control.
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