RUSSIA/TREASURY/TRUMP PEOPLE/REX TILLERSON: “The Treasury Department said Thursday [7-20-17] it is fining Exxon Mobil Corp. $2 million for violating sanctions related to Russia in 2014, when Secretary of State Rex Tillerson was CEO of the company.
In May of that year, the presidents of Exxon Mobil’s U.S. subsidiaries ‘dealt in services of an individual whose property and interests in property were blocked,’ Treasury said in a statement.
They signed eight legal documents related to oil and gas projects in Russia with Igor Sechin, head of Rosneft OAO who had personally been sanctioned by Treasury’s Office of Foreign Assets Control following Russia’s incursion into Ukraine, according to the agency.
‘OFAC determined that ExxonMobil did not voluntarily self-disclose the violations to OFAC, and that the violations constitute an egregious case,’ Treasury said.
Exxon Mobil told Treasury it interpreted the sanctions as making a distinction between Sechin’s personal and professional capacity, according to the department.”
-Victoria Guia, “Treasury fines ExxonMobil $2 million for violating Russia sanctions while Tillerson was CEO,” Politico, July 20, 2017 10:35am