Rex Tillerson wants sanctions on Russia lifted. That could hugely benefit his company.

Rex Tillerson shares a smile with Vladimir Putin in 2011.
(Image credit: Alexey Druzhinin/AFP/Getty Images)

Oil and gas company ExxonMobil has deals worth up to $500 billion stalled with Russia that can only go forward if American sanctions are lifted, The New York Times reports. And Donald Trump has just confirmed that the company's chief executive, Rex W. Tillerson, will be America's next secretary of state.

"The chances that [Tillerson] will view Russia with ExxonMobil DNA are close to 100 percent," said Robert Weissman, president of the consumer advocacy nonprofit Public Citizen.

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Jeva Lange

Jeva Lange was the executive editor at TheWeek.com. She formerly served as The Week's deputy editor and culture critic. She is also a contributor to Screen Slate, and her writing has appeared in The New York Daily News, The Awl, Vice, and Gothamist, among other publications. Jeva lives in New York City. Follow her on Twitter.