Hold onto your chai and kopi, energy drama is brewing across the steppes! ☕🔋 Kremlin spokesman Dmitry Peskov just spilled the tea: ExxonMobil isn't flying solo in its bid to rejoin Russia's energy market.
After Western firms hit eject following Russia's February 2022 move into Ukraine, sources say Exxon has now signed a non-binding deal with state-run Rosneft to recoup a $4.6 billion writedown—basically acknowledging a big loss on its Russian assets. 💼💰
Of course, this is just the opening act. Full-on comebacks hinge on a clear peace roadmap in Ukraine and some love letters from the U.S. and EU easing their sanctions. Without these, even the best handshake might stay purely symbolic. 📸🕊️
Meanwhile, ex-U.S. President Donald Trump has sounded more cautious on easing sanctions, hinting that relief could still be a roller-coaster ride. 🎢
On the flip side, President Vladimir Putin is rolling out the red carpet with a recent decree that could let overseas investors reclaim stakes in the Sakhalin-1 oil & gas project on Russia's Pacific coast. 🌏🔌
In the world of global energy, this potential comeback is like a trending playlist—everyone's waiting to see if it really goes viral. Will Western giants sync back up with Russia's energy vibes? Stay tuned, because this story might drop its next beat faster than your favorite TikTok remix! 🎶🔥
Reference(s):
Kremlin: Exxon not alone as others also keen to return to Russia
cgtn.com
