Throughout the campaign season, US President Donald Trump advocated improving relations with Russia. After his election , analysts believed that there was possibility that the sanctions imposed on Russia over Ukraine could be lifted, which theoretically would have major implications for energy. Russian president Vladimir Putin was one of the first leaders to publicly send his congratulations after his win.
However, the prospects of improving relations between Russia and the US have somewhat faded recently following the US strike on Syria and the launching of an investigation into whether there were ties between Trump aids and Russia by Congress. Regarding the Black Sea region, the Journal also reported that Exxon “needs” a discovery of oil the area by the end of the year in order to receive a license from the Russian government to drill under the terms of the Rosneft deal, according to the WSJ. A “person briefed with the company’s waiver application” said that “Exxon is worried it could get boxed out of the Black Sea by the Italians.”
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April 20, 2017 at 04:06PM
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