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Exxon Slams Brakes On Russian Oil Project Amid Sanctions

By Keith Goldberg (September 19, 2014, 3:19 PM EDT) -- ExxonMobil Corp. confirmed Friday that it's stopping work on an offshore oil well in the Arctic Ocean it's jointly developing with Russian oil giant OAO Rosneft in order to comply with escalating U.S. and European Union sanctions that have put the squeeze on Russia's energy sector....

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