Exxon Wins U.S. Suit Over $2 Million Ukraine-Sanctions Fine
The Exxon Mobil Corp. Beaumont Polyethylene Plant in Beaumont, Texas.
Photographer: Sergio Flores/BloombergThis article is for subscribers only.
Exxon Mobil Corp. won a lawsuit challenging a $2 million fine levied against it by U.S. Treasury Secretary Steven Mnuchin after the company allegedly violated Ukraine-related sanctions with a series oil and gas deals in Russia.
Exxon wasn’t given sufficient notice that the 2014 contracts with a powerful ally of Russian President Vladimir Putin would violate restrictions put in place after Russia annexed the Crimea region of Ukraine, U.S. District Judge Jane Boyle said in a ruling Tuesday in Dallas.