Treasury fines Exxon Mobil $2 million for violating Russia sanctions while SoS Tiller was CEO

[DonViejo]

Source: Associated Press




Treasury fines Exxon Mobil $2 million for violating Russia sanctions while Secretary of State Tillerson was CEO

By Associated Press July 20 at 10:20 AM

WASHINGTON — Treasury fines Exxon Mobil $2 million for violating Russia sanctions while Secretary of State Tillerson was CEO.

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Read more: https://www.washingtonpost.com/world/national-security/treasury-fines-exxon-mobil-2-million-for-violating-russia-sanctions-while-secretary-of-state-tillerson-was-ceo/2017/07/20/8bf8944e-6d56-11e7-abbc-a53480672286_story.html?utm_term=.152e6173fc89

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U.S. Treasury Fines Exxon $2M for Violating Russia Sanctions

The U.S. Treasury Department on Thursday said it’s fining Exxon Mobil Corp $2 million for showing “reckless disregard” for Russia sanctions, the Associated Press reported. Treasury said Exxon subsidiaries signed a deal with Igor Sechin, the chairman of a Russian oil giant, who is on a U.S. blacklist in May 2014. At the time, Secretary of State Rex Tillerson was the oil company's CEO, and Exxon executives allegedly knew Sechin was blacklisted but proceeded to do business with him.

READ IT AT THE WASHINGTON POST

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http://www.thedailybeast.com/us-treasury-fines-exxon-dollar2m-for-violating-russia-sanctions

[njhoneybadger]

1. Exxon mobil 2016 earnings 7.8 billion

[yallerdawg]

2. Good God!!!

For that kind of sofa-cushion change, Trump's Treasury just said, "Pay no attention to sanctions!"

If you can't get rid of them - cause of "witches" and stuff.

[Moral Compass]

3. Wow! $2 million?

Damn, that'll leave a mark.

Someone at Exxon is going to hurt themselves laughing. Maybe have a car wreck because their vision is blurred from the tears (of laughter).

[LastLiberal in PalmSprings]

9. They'll pay for that out of the coffee fund

And still have enough money left over to buy Starbucks.

[MurrayDelph]

16. I was thinking

they would go through the couch cushions.

[brush]

4. Well that explains why Russia-loving trump appointed him as SOS.

[ResistantAmerican17]

10. SOS????

Standing for sack of shit?

[brush]

11. OK, I meant Secretary of State but I'll go with your interpretation. It fits.

[ResistantAmerican17]

15. I knew. I just can't resist

These pukes bring out the worst in me!

[DetlefK]

5. Adjusted for income, that's as if a normal person got fined $1.

Violate international sanctions, pay $1. Sounds fair.

[gademocrat7]

6. Just another criminal in Chump's circle of evil.

[kacekwl]

7. They spend 2 million a day

for lunch.

[Leghorn21]

8. And there was that painless Prevezon settlement:

Veselnitskaya told Russian media at the time the amount was so small it “seemed almost an apology from the government.”

We're just letting the pigs rampage at the (our) trough, eh?

[Hugin]

12. Wow, I bet that stings!

NOT!

[sandensea]

13. In other words:

[HughBeaumont]

14. Wow, WHAT a great decision, AmericUH.

A corporate criminal palling around with shady Russian Oil-igarchs hires the Exxon consigliere and other swampy 0.001%ers.

Unbelievable.

[IronLionZion]

17. Their revenue last year was $218.6 Billion

In 2014 they were the second most profitable company in the entire world (Apple is 1st) and the cost of violating sanctions to get that money is only $2 million? Their executives are totally thinking it's worth doing and overdoing in this environment. Expect to see more of this behavior.

[Eugene]

18. Exxon sues U.S. over fine levied for Russia deal under Tillerson

Source: Reuters

#BUSINESS NEWS
JULY 20, 2017 / 10:13 AM / 3 HOURS AGO

Exxon sues U.S. over fine levied for Russia deal under Tillerson

Yeganeh Torbati and Ernest Scheyder

WASHINGTON/HOUSTON (Reuters) - Exxon Mobil Corp sued the U.S. government on Thursday, blasting as "unlawful" and "capricious" a $2 million fine levied against it for a three-year-old oil joint venture with Russia's Rosneft.

The U.S. Treasury Department on Thursday morning slapped the world's largest publicly traded oil producer with the fine for "reckless disregard" of U.S. sanctions in dealings with Russia in 2014 when Secretary of State Rex Tillerson was Exxon's chief executive.

The lawsuit and the Treasury's unusually detailed statement on Exxon's conduct represented an extraordinary confrontation between a major American company and the U.S. government, made all the more striking because Exxon's former CEO is now in President Donald Trump's Cabinet.

Exxon took the government to court despite the fact that the fine, the maximum allowed, would have a minor impact on the company, which made $7.84 billion in profit last year.

-snip-

Read more: http://www.reuters.com/article/us-exxon-mobil-usa-ukraine-idUSKBN1A51UH

[dalton99a]

19. What a joke.