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

Michael O'Kane

Michael was called to the Bar in 1992 and prior to joining Peters & Peters was a senior specialist prosecutor at the Crown Prosecution Service Headquarters (CPS). He was a key member of a small specialist unit responsible for the prosecution of serious and high-profile fraud, terrorist,...

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