Exxon Abandons Russian Projects Brokered by Tillerson

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Exxon Mobil Corp. is ending ambitious Arctic projects with Russia’s state-controlled energy giant PAO Rosneft because of international sanctions on Moscow, abandoning signature achievements of its former chief executive, Secretary of State Rex Tillerson.

Exxon said it decided last year to withdraw after the U.S. government imposed new sanctions on Moscow for its alleged interference in the 2016 presidential election. Those penalties came on top of U.S. and European sanctions on Russia over its actions in Ukraine.

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