By Maya Lester KC & Michael O’Kane

ExxonMobil exits Russian joint ventures over sanctions concerns

US oil and gas company ExxonMobil Corporation has announced that it will be withdrawing from a number of joint ventures with Rosneft – Russia’s largest state-owned oil and gas company – due to US sanctions on Russia (which were first imposed in 2014 over its role in the Ukraine crisis). In 2017, OFAC fined ExxonMobil $2m for violating US sanctions...

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About Michael O'Kane

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Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

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