CNN breaking: Trump administration rejected ExxonMobil’s bid to bypass sanctions

The Trump administration has denied ExxonMobil permission to bypass sanctions to drill for oil in Russia. Treasury Secretary Steven Mnuchin, in a statement Friday, said he consulted with President Trump on the decision. Exxon had applied for a waiver from sanctions imposed by the Obama administration in a bid to resume its lucrative joint venture with Russian state oil giant PAO Rosneft.