oil giant ExxonMobil Sues Treasury Department Over Russia fines

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Oil giant Exxon-Mobil is suing the U.S. Treasury Department to stop a $2 million fine for violating sanctions against Russia while Secretary of State Rex Tillerson was Exxon CEO.

Exxon said the decision is “fundamentally unfair” and insists it did nothing wrong. It is challenging the Treasury action in U.S. District Court in Texas.

The Treasury Department said Exxon signed a contract in 2014 with Igor Sechin, head of Russia’s state-owned Rosneft oil company and a longtime businesses associate of Tillerson.

Sechin was on a list of Russian officials sanctioned because of the Russian annexation of Ukraine’s Crimea region.