U.S. Treasury Fines Exxon Mobil $2 Million For Violating Russia Sanctions When Rex Tillerson Was CEO
According to the Associated Press, the U.S. Treasury is fining Exxon Mobil $2 million for violating Russia sanctions without voluntarily disclosing it.
BREAKING: Treasury fines Exxon Mobil $2 million for violating Russia sanctions while Secretary of State Tillerson was CEO.
— AP Politics (@AP_Politics) July 20, 2017
The Treasury Department released a statement on it Thursday morning.
“Between on or about May 14, 2014 and on or about May 23, 2014, ExxonMobil violated § 589.201 of the Ukraine-Related Sanctions Regulations when the presidents of its U.S. subsidiaries dealt in services of an individual whose property and interests in property were blocked, namely, by signing eight legal documents related to oil and gas projects in Russia with Igor Sechin, the President of Rosneft OAO, and an individual identified on OFAC’s List of Specially Designated Nationals and Blocked Persons.”
The transgression happened back in May 2014, a time when current Secretary of State Rex Tillerson was the CEO of the company. It certainly comes at an awkward moment now that Tillerson presently heads the State Department for Donald Trump while the latter is currently mired in Russian related scandal.
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