Exxon Mobil fined $2 million for violating Russia sanctions while Rex Tillerson was CEO

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The Department of Treasury has issued a fine on Exxon Mobil to the tune of $2 million for violating Russia sanctions while Secretary of State Tillerson was CEO. 

Treasury’s Office of Foreign Assets Control (OFAC), which controls lists of sanctioned entities, has said in a public notice that ExxonMobil violation the Ukraine-Related Sanctions Regulations between 14 May 2014 and 23 May 2014. 

The notice said “presidents of [Exxon’s] subsidiaries…sign[ed]eight legal documents related to oil and gas projects in Russia with Igor Sechin, the President of Rosneft OAO, and an individual” who is on the blocked persons that OFAC maintains. 

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