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

Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters.

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:

FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2021 demands.

payment methods

FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2021 demands.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate