U.S. Treasury Fines Exxon $2M for Violating Russia Sanctions
At the time, Secretary of State Rex Tillerson was the oil company’s CEO.
Edgard Garrido/Reuters
The U.S. Treasury Department on Thursday said it’s fining Exxon Mobil Corp $2 million for showing “reckless disregard” for Russia sanctions, the Associated Press reported. Treasury said Exxon subsidiaries signed a deal with Igor Sechin, the chairman of a Russian oil giant, who is on a U.S. blacklist in May 2014. At the time, Secretary of State Rex Tillerson was the oil company's CEO, and Exxon executives allegedly knew Sechin was blacklisted but proceeded to do business with him.
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