Exxon Mobil Fined for Violating Sanctions on Russia
By ALAN RAPPEPORTJULY 20, 2017
WASHINGTON — The Treasury Department on Thursday fined Exxon Mobil $2 million for violating sanctions
that the United States imposed on Russia in 2014 while Rex W. Tillerson, now the secretary of state, was the oil company’s chief executive.
The violations involved the signing of legal documents related to oil
and gas projects in Russia with Igor Sechin, the head of Rosneft, the Russian state oil company, and another person.
Exxon violated sanctions imposed after Russia’s armed actions against Ukraine when presidents of the company’s American
subsidiaries did business with individuals whose assets were blocked, according to the foreign assets control unit.
Mr. Tillerson was the only American official to join Mr. Trump at a meeting with President
Vladimir V. Putin of Russia at the Group of 20 summit meeting in Germany this month.
At Exxon’s annual meeting in 2014, he said, “We do not support sanctions, generally,
because we don’t find them to be effective unless they are very well implemented comprehensively, and that’s a very hard thing to do.”
The State Department declined to comment on the penalty and referred questions to Exxon.
