Russia Offers ExxonMobil a Path Back to Sakhalin

On August 15, just as the much-anticipated meeting between President Trump and President Putin was taking place, a development of potentially far-reaching consequences but little immediate attention surfaced in Moscow. President Putin signed an alteration to his 2022 decree that had transferred the Sakhalin-1 project fully under Russian jurisdiction, this time supplementing it with conditions for the possible return of foreign companies to the venture. The change carries more weight than the quiet timing suggested. At its core lies Russia’s…