WASHINGTON (AP) — The Treasury Department says it is slapping Exxon Mobil Corp. with a $2 million fine for violating Russia sanctions while Secretary of State Rex Tillerson was the oil company’s CEO.
The U.S. says Exxon violated the sanctions in May 2014 when two subsidiaries signed deals with Igor Sechin. Sechin is the chairman of Russian oil giant Rosneft and is on a U.S. blacklist over Russia’s actions in Ukraine.
The Treasury Department says Exxon showed “reckless disregard” for sanctions by dealing with a person on that blacklist and that top Exxon executives knew Sechin was blacklisted when they did business …read more
Source: TPM
