Regardless of the sanctions imposed on Rosneft, ExxonMobil decided to begin drilling in Russia’s arctic. The two companies are partners. As a response to ExxonMobil’s activity, president Vladimir Putin declared that the company is a “model of cooperation”. U.S. sanctions over the crisis in Ukraine were not meant to stop projects by U.S. and Russian companies, but they were designed to starve … [Read more...]
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