On 31 December, Bloomberg reported that the fine was imposed after the company allegedly violated Ukraine-related sanctions with a series oil and gas deals in Russia. A court reported that Exxon was not given sufficient notice that the 2014 contracts with a powerful ally of Russian President Vladimir Putin, Rosneft CEO Igor Sechin would violate restrictions put in place after Russia annexed the Crimea.
https://www.bloomberg.com/news/articles/2019-12-31/exxon-wins-lawsuit-challenging-2-million-ukraine-sanctions-fine
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Author: raytodd2017
Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section
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