Russia

Treasury: Exxon Violated Russia Sanctions Under Tillerson

JM Ashby
Written by JM Ashby

This is awkward

The U.S. Treasury Department has fined ExxonMobil for violating Russia sanctions while current Secretary of State Rex Tillerson was the CEO of Exxon.

Exxon violated the sanctions imposed after the invasion of Ukraine by doing business with the Russian state oil company Rosneft.

Between May 14 and May 23, 2014, top U.S.-based ExxonMobil executives signed eight documents with Igor Sechin, the head of state-run Rosneft, the U.S. Treasury's Office of Foreign Assets Control (OFAC) said in a statement on its website.

ExxonMobil had "demonstrated reckless disregard for U.S. sanctions requirements" by signing the deals with Sechin just weeks after the United States blacklisted him, OFAC said in an unusually lengthy three-page statement laying out its reasoning.

Exxon has now filed a lawsuit against the Treasury Department, calling the fine "fundamentally unfair."

Exxon filed their lawsuit in Texas, of course, where they'll probably be able to find a friendly judge who will at least get them to the next level.

  • muselet

    ExxonMobil violated US sanctions against Russia, apparently knowingly (news of the sanctions was all over the news at the time), and is now suing the Treasury Department for enforcing those sanctions.

    I’m only surprised the company isn’t demanding an apology.

    –alopecia

  • Aynwrong

    This is of course the actual reason why Tillerson was appointed to Secretary of State and not his brilliant managerial skill or experience on the world stage.

    With all due respect to John McCain who I genuinely hope makes a full recovery, this is why I am still shaking my head at supposed liberal media types who incessantly prattle on that “McCain & Graham will save us.” The fact is that McCain & Graham voted to confirm the Putin Medal Recipient® to such a powerful office.