Exxon cuts up to $500 billion in joint ventures with Russia in response to US-imposed sanctions

Thomson Reuters Exxon Mobil Corp said on Wednesday it will exit joint ventures with Russia’s Rosneft , citing US and European Union sanctions first imposed in 2014. The move is an about-face for Exxon, which had opposed the sanctions over Russia’s invasion of Crimea and argued they unfairly penalized US companies trying to work with […]