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American oil giant requests sanctions waiver for Russian projects

ANI  |  Berlin [Germany] 

American giant Exxon Mobil is seeking permission from President Donald Trump's administration in order to resume drilling around the Black Sea with a state-owned Russian corporation.

According to DW, sanctions were placed on after the country's annexation of Crimea in 2014, but in general, the US Treasury Department has allowed Exxon to do business with Rosneft.

According to the people familiar with the case, Exxon made a request to the US to secure a sanctions waiver, reports DW.

Trump has been keen to improve ties with Russian President Vladimir Putin, but the relationship has soured since the recent US military action against the Bashar al-Assad regime in Syria.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, April 20 2017. 20:48 IST