US oil corporation ExxonMobil has taken the first step towards filing a lawsuit against Russia after Russian President Vladimir Putin blocked it from exiting the Sakhalin-1 project, Bloomberg reports.
The report notes that ExxonMobil Oil Corporation has been trying to withdraw from the Sakhalin-1 project since March this year, but its withdrawal was halted by a Russian presidential decree in early August.
Russian state-owned oil and gas company Rosneft said the dispute could be resolved if ExxonMobil fully resumes normal operations at the project.
