Stuart Varney on Russia-Ukraine crisis: It’s time to consider ‘banning’ Russia’s energy exports
FOX Business host Stuart Varney argues Biden ‘has an ideal opportunity to pile on the pressure’ as Russian invasion continues.
ExxonMobil on Tuesday said it will wind down operations at a multibillion-dollar oil and gas project in Russia and halt any new investments in the country.
The Sakhalin-1 project, a large oil and gas production venture on Sakhalin Island in far eastern Russia, is one of the largest single foreign direct investments in the country.
Exxon said it will start a "carefully managed" exit of Sakhalin-1, the company stated in a news release.
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