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Trump Administration Denies Exxon to Work In Russia

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News video: Trump Administration Denies Exxon to Work In Russia On Friday, the U.S.

Treasury Department announced that Exxon Mobil will not be granted a waiver, to allow it to resume drilling around the Black Sea.

The decision is the latest indication that the White House is backing away from statements made from Donald Trump during his 2016 campaign, where he said he would relax sanctions imposed on Russia by the Obama administration.

In a statement, Treasury Secretary Steven Mnuchin said, that "the Treasury Department will not be issuing waivers to U.S..

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