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Alexei Druzhinin / AP

ExxonMobil is asking the Trump administration for a waiver so it can return to work in Russia despite sanctions leveled after President Vladimir Putin invaded Ukraine in 2014.

In a scoop, the Wall Street Journal reports that the oil giant filed its waiver request with the US Treasury Department, and not the State Department, which is led by former Exxon CEO Rex Tillerson.

Why this matters: If granted, the waiver would erode one of the most powerful American levers against Russia in terms of getting it to pull back from Ukraine. Russia relies on oil and natural gas exports for a majority of its government income, but the current generation of oilfields will start to peter out in the coming decade.

The fields on which Exxon has been working—deepwater fields in the Arctic, and the Bazhenov shale in Siberia—are meant to carry the Russian economy starting in the 2020s and beyond. The waiver appears to cover work in the Black Sea, which is also a primary target of next-generation Russian interest. But it could be a wedge into a broader revival of work including the Arctic and the shale.

Go deeper

Capitol Hill's far right pushes Anglo-Saxon values, European architecture

Photo: Al Drago/Bloomberg via Getty Images

Multiple far-right House Republicans have begun planning and promoting an America First Caucus aimed at pushing "uniquely Anglo-Saxon political traditions," Punchbowl News first reported.

The big picture: "The document was being circulated as the GOP is struggling to determine a clear direction as it prepares to try winning back control of the House and Senate in the 2022 elections," AP writes.

Super typhoon Surigae explodes to Cat. 5 intensity

Super Typhoon Surigae seen on satellite imagery Saturday morning east of the Philippines. (CIRA/RAMMB)

Super Typhoon Surigae surged in intensity from a Category 1 storm on Friday to a beastly Category 5 monster on Saturday, with maximum sustained winds estimated at 180 mph with higher gusts.

Why it matters: This storm — known as Typhoon Bising in the Philippines — is just the latest of many tropical cyclones to undergo a process known as rapid intensification, a feat that studies show is becoming more common due to climate change.