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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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily crazy—Mother Jones' journalism is driven by one simple question: Will America will move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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