OFAC fines Exxon $2 million for violating Russia sanctions, Exxon sues
Richard L. Cassin
July 21, 2017
The Treasury Department’s Office of Foreign Assets Control fined Exxon Mobil Corp. $2 million Thursday for signing a joint venture with Russia’s Rosneft in “reckless disregard” of Ukraine-related trade sanctions.
In response, Exxon filed a lawsuit in federal court in Texas, arguing that it had guidance from the government that its action would be legal under existing law and OFAC rules.… Continue Reading
