New Russia Sanctions Could Halt Exxon's Artic Drilling With Rosneft - Businessweek

ExxonMobil is an international company - chill out people.  If they lose funds because we have to tighten sanctions against Russia that's just the way it is.

New Russia Sanctions Could Halt Exxon's Artic Drilling With Rosneft - Businessweek: "Reports from Bloomberg News and the Wall Street Journal indicate that the U.S. will announce further sanctions against Russia by targeting oil companies with joint projects in the Arctic. This spells particular trouble for ExxonMobil (XOM), which has a $500 billion joint venture with Russia’s oil giant Rosneft (ROSN:RM) to drill for extreme oil in the Arctic.

If new sanctions are announced on Friday, they will hit just weeks after Exxon and Rosneft began drilling in Russia’s Kara Sea. Russian President Vladimir Putin reportedly dialed into a teleconference last month to officially launch the drilling, joining the head of Rosneft, Igor Sechin, and the head of ExxonMobil Russia, Glenn Waller, who were together in the Kara Sea."

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