: :inin Kyiv (EET)

Treasury Department Fines Exxon Mobil for Russia Sanctions Violations


The U.S. Treasury Department has fined Exxon Mobil Corporation $2 million for violating Russia sanctions related to Ukraine, while Secretary of State Rex Tillerson was CEO of the global oil and gas conglomerate.

The department’s Office of Foreign Assets Control imposed the civil penalty after concluding Exxon Mobil did not voluntarily disclose the violations, which “constitute an egregious case,” it said in a statement.

Treasury said executives of Exxon Mobil’s U.S. subsidiaries signed legal documents with Igor Sechin, President of Rosneft, a Russia state-owned oil giant that describes itself as “the world’s largest publicly traded petroleum company.” Sechin is on Treasury’s …read more

Source: Voice of America

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