government on Thursday, claiming that newly issued fines against the company for alleged Russian sanctions violations directly contradict guidance given to it by the Obama administration in 2014.
ExxonMobil argues in legal filings, however, that its 2014 deals with Rosneft, the Russian government-owned oil company, were explicitly blessed by the Obama administration at the time, and that Sechin’s involvement with Rosneft was deemed immaterial by U.S.
An official fact sheet issued by the Obama White House that same day declared that the purpose of the sanctions was only to target individuals, not businesses they managed on behalf of the government.
On April 28, 2014, the New York Times quoted an Obama Treasury official who noted that deals with Rosneft were not prohibited, notwithstanding Igor Sechin’s association with the Russian oil firm: The United States did not place sanctions on Rosneft, and Mr.
That same guidance from the Obama admin was also noted by Foreign Policy in an article it published the same day: Obama administration officials specifically noted the inclusion of Sechin and Sergei Chemezov, on Monday, saying the inclusion underscores the severity of the sanctions.