Exxon to quit Russian oil ventures frozen by US sanctions

International sanctions have impeded a historic drilling project, and Exxon Mobil is now exiting joint ventures with Russia's Rosneft.

BY KEVIN CROWLEY, BLOOMBERG

Exxon Mobil Corp. said it is abandoning joint ventures with Russia's Rosneft PJSC after international sanctions against the nation's energy sector paralyzed a historic drilling project.

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