Jul 21 2017
In its announcement, the Treasury Department said USA subsidiaries of Exxon Mobil "dealt in services of an individual whose property and interests in property were blocked, namely, by signing eight legal documents related to oil and gas projects in Russian Federation with Igor Sechin". The Obama Administration had moved to block USA dealings with Sechin, Rosneft and other Russian officials amid Russia's military aggression in Ukraine. Hours after the fine was announced, the Texas-based company sued Treasury Secretary Steven Mnuchin and the government, saying the US had clearly told companies that doing business with Rosneft was allowed just not with Sechin himself.
"Based on the Enforcement Information published today, 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 issued before the relevant conduct and still publicly available today". BP CEO Bob Dudley, Exxon said, was allowed to keep working on Rosneft's board of directors alongside Sechin as long as he didn't deal with Sechin's personal business.
The Treasury Department said Exxon Mobil caused "significant harm" to the sanctions program.
Treasury stated that "ExxonMobil's senior-most executives knew of Sechin's status as an SDN when they dealt in the blocked services of Sechin".
The U.S. said that the presidents of two Exxon's subsidiaries and Sechin had signed eight legal documents in May 2014.
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The documents, which Treasury said Exxon Mobil failed to "voluntarily self-disclose", were related to oil and gas projects in Russian Federation.
A photo posted on Rosneft's website shows Sechin and Duffin smiling broadly and shaking hands at a conference table with documents and a pen in front of them.
But while he was at Exxon, Tillerson opposed the sanctions levied on Moscow for its annexation of Crimea.
Sechin is the CEO of Russian state oil giant Rosneft and a close ally of Russian President Vladimir Putin. Tillerson said in 2014 that the company did not support sanctions because they are not effective "unless they are very well implemented". Tillerson stepped down as CEO of ExxonMobil in December 2016 to lead the Trump Administration's State Department.
The State Department directed further questions to Treasury and Exxon.
Mr. Tillerson, who has deep ties to Russian Federation and received an Order of Friendship from Moscow, left the firm to become U.S. Secretary of State.
Jul 20 2017
Congress acts to bring Charlie Gard to US
However, as Charlie is the subject of a High Court order it makes no difference what passport he held, according to legal sources. His parents, Chris Gard and Connie Yates , have been fighting to keep their child alive.
Jul 20 2017
US, Mexico and Canada agree on getting NAFTA talks going
A lot of work remains ahead of us. "We will meet in this same room in a year and in two years and we will see what happened". Let trade do its job. "You construct and harvest the products that fill our homes, defend our nation and enrich our lives".
Jul 19 2017
Iran's Missile Program Serves Self-Defense Purposes: Zarif
Trump intend to emphasize that Iran "remains one of the most risky threats" in the region, a senior official said. Read: Two Years Later, Where Does The Iran Deal Stand? .
Jul 18 2017
Ed Wood and Mission: Impossible star Martin Landau dead aged 89
Martin Landau , who won an Oscar for playing Bela Lugosi in Tim Burton's 1994 film Ed Wood , died Saturday at 89. Landau later revealed that he "played the character gay", a creative direction that he said Hitchcock "loved".
Jul 17 2017
Sora Meets Buzz And Woody In The Kingdom Hearts III Trailer
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Jul 16 2017
Disney's live-action Aladdin finally finds its stars
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Jul 15 2017
Beyoncé's Photo of Her Twins Sent the Beyhive Into a Frenzy
In a now-infamous post, the former Destiny's Child star shared a snap of herself cradling her growing baby bump on Instagram . However, fans on Twitter just have one question about the name of these babies after reading Beyoncé's caption on Instagram .
Jul 14 2017
Chinese dissident and Nobel laureate Liu Xiaobo dies aged 61
Officially, Liu gained medical parole but he was under guard in a hospital and still a captive, the New York Times reports. His friends said that Lui and his wife wanted to travel to Germany or the United States for treatment. "I'm sorry, Xiaobo.
Jul 14 2017
Afghan all girl team twice denied visa for robotics competition in US
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Jul 14 2017
Trump Budget Would Cut Deficit But Wouldn't Balance, CBO Says
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