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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsExxon Mobil Fined for Violating Sanctions on Russia
WASHINGTON The Treasury Department on Thursday fined Exxon Mobil $2 million for violating sanctions that the United States imposed on Russia in 2014 while Rex W. Tillerson, now the secretary of state, was the oil companys chief executive.
The penalty was relatively small for the Treasury and a blip on Exxons mammoth balance sheet, but it came as controversy over Russia policy has engulfed Washington. The Trump administration is facing questions about Russias intervention in the 2016 election, and Congress has considered stiffening sanctions out of concern that President Trump will try to ease those already in place.
The move also underscores concerns over Mr. Tillersons deep business connections in Russia.
Exxon Mobil demonstrated reckless disregard for U.S. sanctions requirements, the Treasury said in a report announcing the penalty. Exxon Mobil caused significant harm to the Ukraine-related sanctions program.
The penalty was relatively small for the Treasury and a blip on Exxons mammoth balance sheet, but it came as controversy over Russia policy has engulfed Washington. The Trump administration is facing questions about Russias intervention in the 2016 election, and Congress has considered stiffening sanctions out of concern that President Trump will try to ease those already in place.
The move also underscores concerns over Mr. Tillersons deep business connections in Russia.
Exxon Mobil demonstrated reckless disregard for U.S. sanctions requirements, the Treasury said in a report announcing the penalty. Exxon Mobil caused significant harm to the Ukraine-related sanctions program.
https://www.nytimes.com/2017/07/20/us/politics/exxon-mobil-fined-russia-tillerson-sanctions.html
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Exxon Mobil Fined for Violating Sanctions on Russia (Original Post)
spanone
Jul 2017
OP
nikibatts
(2,198 posts)1. The fine was so small to them they didn't even recognize it!
spanone
(135,632 posts)2. just highlights the great reputation of our secretary of state.....all fucking criminals
dalton99a
(81,065 posts)3. Pocket change
What a joke
ehrnst
(32,640 posts)4. 10% of what Exxon makes in one day....
some deterrent...
spanone
(135,632 posts)5. like a gnat on an elephant....corrupt to the core
Doug the Dem
(1,297 posts)6. Following the Money
Country be damned! Tell me again why oil companies get subsidies?
Martin Eden
(12,802 posts)7. Tillerson received a medal from Russia for being their friend
And the corpration he headed stands to gain huge profits if the sanctions are lifted.
No conflict of interest to see here, folks. Move along.