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“NYET” – Exxon Mobil Has ‘No Plans’ to Re-Enter Russia, Financial Times Reports

Business & Policy
September 18, 2025

Exxon executives are in talks with Russian officials about recouping the $4.6 billion in assets expropriated by Moscow but not about investing in the country, the report said quoting Woods as saying.

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The talks began in early 2023, shortly after the company filed an arbitration case against President Vladimir Putin’s government, the FT report said.

Exxon Mobil did not immediately respond to a Reuters request for comment.

(Reporting by Vallari Srivastava in Bengaluru; Editing by Shilpi Majumdar)