Trump Treasury Department refuses to lift sanctions allowing Exxon to drill in Russia
CNN political reporter Carol Costello said on Friday afternoon that President Donald Trump has denied energy giant Exxon permission to drill for oil in the Russian arctic.
“#URGENT,” said Costello on Twitter. “Trump denies Exxon permission to drill for oil in Russia.”
Currently, United Nations sanctions sponsored in part by the U.S. prohibit U.S. companies from doing business with Russia as a result of Russia’s incursions into Crimea, which is recognized as belonging to Ukraine, not Russia.
However, the Street.com reported that Trump administration Secretary of the Treasury Steve Mnuchin has said that U.S. companies should obey the sanction orders until they are lifted.
“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.
#URGENT Trump denies Exxon permission to drill for oil in Russia
— Carol Costello (@CarolCNN) April 21, 2017