Exxon Mobil Fined for Violating Sanctions on Russia<br />By ALAN RAPPEPORTJULY 20, 2017<br />WASHINGTON — The Treasury Department on Thursday fined Exxon Mobil $2 million for violating sanctions<br />that the United States imposed on Russia in 2014 while Rex W. Tillerson, now the secretary of state, was the oil company’s chief executive.<br />The violations involved the signing of legal documents related to oil<br />and gas projects in Russia with Igor Sechin, the head of Rosneft, the Russian state oil company, and another person.<br />Exxon violated sanctions imposed after Russia’s armed actions against Ukraine when presidents of the company’s American<br />subsidiaries did business with individuals whose assets were blocked, according to the foreign assets control unit.<br />Mr. Tillerson was the only American official to join Mr. Trump at a meeting with President<br />Vladimir V. Putin of Russia at the Group of 20 summit meeting in Germany this month.<br />At Exxon’s annual meeting in 2014, he said, “We do not support sanctions, generally,<br />because we don’t find them to be effective unless they are very well implemented comprehensively, and that’s a very hard thing to do.”<br />The State Department declined to comment on the penalty and referred questions to Exxon.
