The U.S. Treasury Department slapped a $2 million fine on Exxon Mobil for violating Russia-related sanctions in 2014 when Rex Tillerson, who is now the U.S. secretary of state, was the company’s CEO.At issue are the sanctions the U.S. imposed on Russia following its invasion in 2014 of Ukraine’s Crimea and an energy deal Exxon signed soon after that with Rosneft, the state-owned Russian oil company. Thursday’s fine is not directly related to the agreement with Rosneft, but to Exxon’s dealings with Igor Sechin, Rosneft’s CEO, who was blacklisted by the U.S. in its Ukraine-related sanctions.Treasury’s Office of Foreign Assets …read more
Source: The Atlantic
