US energy companies such as Exxon and Chevron Corp are joining President Donald Trump against a new bill to toughen sanctions on Russia, a report says.
The oils giants are accordingly notifying the Republican-controlled Congress that he bill could “disadvantage US companies compared to our non-US counterparts,” The Wall Street Journal reported on Tuesday.
The pushback comes based on the argument that such sanctions would ultimately hurt the US economy and inadvertently aid Moscow.by shutting down oil and gas projects around the world that involve Russian partners,
In June, the US Senate easily passed a bill with a 98-2 vote to toughen sanctions on Russia, all while Trump has appeared as the most Russia-friendly president in US history and vowed to mend ties with the Kremlin.
“This has far-reaching impacts to a variety of…