Following reports that Exxon Mobil had been seeking a waiver from sanctions on Russia to drill for oil in the Black Sea, the Treasury Department announced that it would not issue waivers to U.S. companies. Jim Krane, Wallace S. Wilson Fellow for Energy Studies, noted to Politico that “there seems to be very little upside to singling out Exxon Mobil and Russia for special treatment." Instead, had the Trump administration approved their request, it would "reek of conflict of interest," said Krane.
To read Politico's full story, visit: http://politi.co/2pZm96z.
Tony Payan , Jose Ivan Rodriguez-Sanchez
Apr 09 2021 | Center for the U.S. and Mexico
Jim Krane , Kenneth B. Medlock III , Michael D. Maher , Peter Hartley
Apr 09 2021 | Center for Energy Studies