Exxon Mobil Corp and other energy companies, as well as the White House, expressed their concerns about the Senate’s bill on sanctions against Russia and Iran that may freeze oil and gas projects with participation of Russian partners around the world, The Wall Street Journal reports.
The power companies are concerned about provisions of the bill, which limits the possibility of creating partnerships with Russian companies under restrictive measures. The bill’s current edition, in particular, can affect two of the projects of Exxon with Rosneft outside of Russia, in the state of New Mexico and the Canadian province of Alberta.
The law, if it comes into force, will prevent any partnerships with Russian companies, not only in the energy sector, but also in the financial and industrial sectors.
