Treasury's enforcement action said that the executive order, its guidance for companies and the administration's public statements "all clearly put ExxonMobil on notice that OFAC would consider executing documents with [people subject to sanctions] to violate the prohibitions in the Ukraine-Related Sanctions Regulations". That same month, Neil Duffin, president of subsidiary Exxon Mobil Development, signed several deals to continue their work on the massive Sakhalin oil and natural gas project on Russia's eastern coast.
The Office of Foreign Assets Control "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", he said.
ExxonMobil claimed that there was confusion over Sechin's "professional and personal capacity" as an agent of the Russian government, but due to the lack of such a distinction in both the executive order and original Ukraine-Related Sanctions, the Treasury determined the fine was justified.
"You could have Sechin standing over the guy's shoulder", said Mortlock, now an attorney at Willkie Farr & Gallagher LLP in Washington.
The fine is minor to ExxonMobil, which made $7.84 billion in profit in 2016. Tillerson said in 2014 that the company did not support sanctions because they are not effective "unless they are very well implemented".
The company has long opposed sanctions on Russian Federation.
The deal came at a time when other oil companies, including BP and Total SA, were clamoring to enter Russian Federation, aiming to tap its vast oil and natural gas reserves. The company was allowed to finish drilling a well in the Russian Arctic in the fall of 2014 but could not produce oil.
With rising tensions between Russian Federation and Ukraine in 2014, western powers, including the US, imposed economic and technological sanctions against Moscow.
Marzouq said it was too early to talk about recommendations to adjust the deal, or to cap production from Nigeria or Libya. According to the American Petroleum Institute, U.S. crude supplies grew by 1.6 million barrels in the week ended July 14.
Now, the company is taking things a step further with additional security features that block unverified apps and App Scripts. In other words, Google wants to make it easier for you to discover information and stay connected while using its feed.
New York, probably not coincidentally, learned this week that Bird will need ankle surgery and might miss the rest of the season. The New York Yankees had two major needs heading into the second half of the MLB season: a corner infielder and more pitching.
The ECB says it will keep purchasing 60 billion euros ($69 billion) per month through year end, and longer if necessary. Draghi is trying to prepare the market for an exit without disrupting markets; usually, that is impossible.
One Youtube user suggested the public "demand a formal explanation and apology from Audi " for discriminating against women. As they take their vows, the groom's mother suddenly rushes to interrupt the ceremony and begins to inspect the bride.
HSBC Holdings plc lowered BHP Billiton Limited from a "buy" rating to a "hold" rating in a research note on Friday. The Driehaus Capital Management Llc holds 159,480 shares with $3.56 million value, down from 263,568 last quarter.
For conservatives like Lee and Paul, it didn't go far enough in delivering on Republican Party promises to undo Obama's law. Republicans believe that Obamacare, which extended insurance to 20 million more Americans, will collapse on its own.
The bodies were perfectly preserved in the glacier and their belongings were intact, according to a witness. Udry-Dumoulin told Le Matin that it was the first time her mother had accompanied her father on the trip.
They suggest that as long as we have a BAME person on the TV screen, giving the appearance of diversity, then it is absolutely OK. Across the United Kingdom men earned 18.1% more than women in April 2016 according to the Office for National Statistics (ONS ).
The Tower and Grade fires on the Cuesta Grade and the Hill Fire east of Santa Margarita were all started by cars. At least one structure has been destroyed in the Detwiler Fire, while another one has been damaged.
CHINESE GROWTH: The main economic news Monday was China's economic growth holding steady at 6.9 percent in the second quarter. Banks were pressured by diminished hopes of an interest rate hike by the Fed before the end of the year.