Contents tagged with Rosneft

  • U.S. authorities deny ExxonMobil cooperation with Rosneft in circumvention of sanctions

    The U.S. Treasury announced that it would not make an exception for ExxonMobil, which asked for a temporary lifting of sanctions that prohibit the implementation of joint projects with Russian corporation Rosneft.

    "In consultation with President Donald J. Trump, the Treasury Department will not be issuing waivers to U.S. companies, including Exxon, to authorize drilling prohibited by current Russian sanctions," Voice of America quoted Treasury Secretary Steve Mnuchin as saying.

    Oil giant …

  • Rosneft calls decision of the EU Court on sanctions illegal

    In its press release, the largest Russian oil company, Rosneft, has said that the decision of the EU Court regarding sanctions against the company is illegal and politicized.

    The report notes that despite the fact that the European Union did not provide grounds for imposing sanctions during the process, the Court recognized their legality.

    "The court refused to admit that the EU sanctions were adopted, among other things, to achieve hidden goals, and are in fact a form of competitive …