In May 2014, the presidents of Exxon's USA subsidiaries "dealt in services" with Russian oil tycoon Igor Sechin by signing "eight legal documents" with him linked to Russian oil and gas projects, the Treasury Department said. On Thursday, the U.S. Treasury responded by fining Exxon $2 million-the maximum civil penalty-for what it described as an "egregious" violation.
ExxonMobil must pay a $2m penalty for signing documents for oil and gas projects in Russia, despite U.S. sanctions imposed after Russian forces seized Crimea in 2014.
A statement released by the government says that Exxon showed "reckless disregard" and that the most senior individuals at the company were aware of the sanctions when they conducted business with Russian businessmen.
Exxon Mobil, whose chief executive at the time is now the US secretary of state, pushed back strongly, calling the action "fundamentally unfair".
He added: the "action is fundamentally unfair".
President Obama signed an executive order establishing sanctions on Russian Federation on March 16, 2014.
"The OFAC is trying to retroactively enforce a new interpretation of an executive order that is inconsistent with the explicit and unambiguous guidance from the White House and Treasury", Exxon said.
The documents, which Treasury said Exxon Mobil failed to "voluntarily self-disclose", were related to oil and gas projects in Russian Federation.
But, according to Treasury, "despite these prohibitions and ExxonMobil's global market and sophistication, ExxonMobil moved forward with signing the legal documents with designated person Igor Sechin between on or about May 14, 2014 and on or about May 23, 2014".
Sechin signed the documents on behalf of Rosneft, Jeffers said.
Tillerson, whom Putin personally awarded Russia's Order of Friendship in 2013, reportedly argued at the time that he was not in favor of sanctions because he believed them to be ineffective, which is definitely the case if you choose to ignore them. Tillerson visited the White House numerous times as CEO in the immediate aftermath of the sanctions being announced, but they remained in place. Earlier this year, the Trump administration said it would not let any USA company, including ExxonMobil, drill in areas prohibited by US sanctions on Russian Federation.
Concerns about Tillerson's potential conflict of interest dominated his confirmation hearings in January, and the secretary has recused himself from matters dealing with his former company.
Exxon has not yet responded to a request for comment.
Police release suspect sketch in Delphi murders
Police in IN have released a sketch of the man they say killed two teen girls, Abigail Williams and Liberty German, in Delphi. That evidence came from German's cellphone , who police have hailed as a hero for recording potentially crucial evidence.
Amazon to introduce its own messaging app
This will be a highly troublesome feature , given users will have to choose which messages they want to keep safe. With this messaging App, Amazon plans to open more lines of Communication with consumers.
Growing sinkhole forces evacuation of homes
The hole was initially the size of a small swimming pool, AP reports, but now has affected two large single family homes. Someone had called about a "depression" under a boat parked next to the house in Lake Padgett Estates in Land O' Lakes .
Amazon is Building its Own 'Geek Squad' Team
The Alexa angle could help sell more Echo speakers, of course, and the shopping lists will likely lead to some extra sales. The offering, which is already available in a bunch of West Coast markets, has been quietly rolled out to this point.
Hospital applies for new hearing in Charlie Gard saga
Mahoney said the incident "continues to show Great Ormond Street Hospital's disregard for the wishes of Charlie's parents". Support for sick British infant Charlie Gard and his parents has been flooding in from all across the world.