Treasury denies Exxon's request for waiver to drill in Russia

Posted April 21, 2017 1:50 pm by Comments

Treasury Secretary Steven Mnuchin said Friday Exxon Mobil Corp. and other U.S. companies will not receive waivers from U.S. sanctions prohibiting oil drilling in Russia. Exxon had applied to the Treasury to resume its joint venture with PAO Rosneft, The Wall Street Journal reported earlier this week. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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