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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is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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