While U.S. legislators are discussing new sanctions on Russia that would increase economic pressure on Moscow by possibly expanding sanctions to the banking and energy industries, Russia is said to be in talks with U.S. supermajor ExxonMobil over possible new oil and gas projects currently beyond the scope of the sanctions. Russia’s discussions with Exxon could potentially lead to increased cooperation between the American company and Russia’s state-held Rosneft, the biggest oil producer in the country, Bloomberg reports , quoting Russian government officials. Russia has drafted several proposals to put up for discussion with Exxon for projects in natural gas, chemicals. These projects are for now outside the scope of the existing U.S. sanctions on Russia, two unnamed Russian officials told Bloomberg. If Exxon were to decide to go ahead with any of the possible projects, an agreement may come by the end of this year, one official told […]