The U.S. Treasury department fine Exxon Mobil over Ukraine-related sanctions violations
Petroleumworld 07 21 2017
The U.S. Treasury Department on Thursday announced a civil penalty against Exxon Mobil Corp and its U.S. subsidiaries for violating sanctions regulations related to Ukraine in May 2014, fining the global oil company $2 million.
Treasury's Office of Foreign Assets Control (OFAC) found ExxonMobil had not voluntarily self-disclosed the violations, "and that the violations constitute an egregious case," it said in a statement posted online.
The heads of the company's U.S. subsidiaries dealt with someone "whose property and interests in property were blocked, namely, by signing eight legal documents related to oil and gas projects in Russia with Igor Sechin, the President of Rosneft OAO" and another sanctioned individual, Treasury said.
Reporting by Susan Heavey and Mohammed Zargham; Editing by Chizu Nomiyama from Reuters.
reuters.com 07 20 2017
We invite all our readers to share with us
their views and comments about this article.
Write to firstname.lastname@example.org
By using this link, you agree to allow PW
to publish your comments on our letters page.
Any question or suggestions,
please write to: email@example.com
Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels