How Much Leverage Does Exxon Have in Russia?

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Exxon has written down the value of its projects in Russia by about $4.6 billion. The company is now negotiating with Russian officials over a power project on Sakhalin Island. CNN's Mark Whitaker and FT's Kieran Stacey look at how student debt affects Americans.

The world’s second-largest cinema chain incorrectly reported the identity of its largest shareholder, and ExxonMobil is contesting Vladimir Putin’s decree blocking the oil company from exiting Russia. Plus, economists are debating the impact that US president Joe Biden’s student loan forgiveness programme will have on inflation.

Mentioned in this podcast:

Cineworld incorrectly reported its largest shareholder

ExxonMobil contests Kremlin decree blocking its pullout from Russia

Joe Biden’s student debt cancellation triggers ‘inflationary fire’ fears

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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