July 20, 2017

Exxon Fined $2 Million for Violating Russia Sanctions While Tillerson Was CEO

The Treasury Department says the company “demonstrated reckless disregard” for sanctions requirements.

Glen Johnson/ZUMA

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The US Treasury Department announced Thursday it has imposed a $2 million fine against ExxonMobil for breaching sanctions against Russia stemming from its incursion into Ukraine during now-Secretary of State Rex Tillerson’s tenure as the oil giant’s CEO.

The Treasury Department says the violations occurred in 2014, when two Exxon subsidiaries signed eight legal documents for projects related to Igor Sechin, an individual on the Office of Foreign Assets Control’s list of blocked individuals. The fine specifically charges the company with failing to self-disclose the “egregious” violations.

Read the Treasury Department’s full announcement below:

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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