TILLERSON TOUTED HIS “VERY CLOSE RELATIONSHIP” WITH PUTIN
2016: Rex Tillerson On His Relationship With Vladimir Putin: “I’ve Known Him Since 1999 And I Have A Very Close Relationship With Him.”
According to U Texas BBA, TILLERSON: “So my relationship with Vladimir Putin, which dates back almost 15 years now– I’ve known him since 1999 and I have a very close relationship with him. I don’t agree with everything he’s doing. I don’t agree with everything a lot of leaders are doing. But he understands that I’m a businessman and I’ve invested a lot of money. Our company has invested a lot of money in Russia very successfully, our Russian workforce is 98 1/2% Russian national. They’re magnificent employees. I mean I just admire them greatly in terms of what they’re able to do and he knows that us being there has caused good things to happen for them. That we’ve been a positive force.” [Rex Tillerson at U Texas BBA, 2/18/16
Tillerson Has A Financial Stake In Lifting Sanctions On Russia And Actively Opposed Sanctions As Detrimental To Exxon
TILLERSON’S EXECUTIVE COMPENSATION WAS LINKED TO PROJECTS IN RUSSIA
Rex Tillerson Earned Bonus Payouts Connected With Exxon Mobil’s Exploration Of Oil In The Russian Arctic. According to the Guardian, “The boss of Exxon, Rex Tillerson, was paid $33.1m last year including bonus payouts linked to projects including the first well in the Kara Sea, in the Russian Arctic, and the expansion of the Kearl tar sands operations in northern Alberta, Canada.” [Guardian, 5/25/15]
Tillerson’s Retirement Funds Could “Potentially Be Affected By State Department Activities” Including For Example, His Benefitting “From Such Potential Department Actions As The Lifting Of Sanctions On Russia.
According to the Wall Street Journal, “Mr. Tillerson, who is slated to retire next year, has retirement funds worth tens of millions of dollars, a value that could potentially be affected by State Department activities. For example, he could benefit from such potential department actions as the lifting of sanctions on Russia.” [Wall Street Journal, 12/10/16
TILLERSON LOBBIED AGAINST SANCTIONS ON RUSSIA
Rex Tillerson Lobbied Against U.S. Sanctions On Russia After Russia Invaded Ukraine And Seized The Crimean Peninsula. According to the Los Angeles Times, “When Russian forces invaded Ukraine and seized the Crimean peninsula in 2014, Tillerson lobbied against U.S. sanctions because Exxon would lose millions of dollars. The Obama administration, with congressional backing, imposed the sanctions on Russia anyway, and Exxon was forced to abandon projects estimated to have cost it about $1 billion.” [Los Angeles Times, 12/11/16]
2016: TILLERSON SAID EXXON WANTED TO RESUME BUSINESS IN RUSSIA WITHOUT SANCTIONS
2016: Rex Tillerson Said Exxon Was Eager To Get Back To Working With Russia Without Sanctions. According to CNN, “HARLOW: I have to button it up, guys. But on the business point, I mean, there is an important point to make. And this is just fact. There is no opinion. In the fact that Exxon has this huge deal in Russia. That because of the sanctions against Russia got halted, that has cost Exxon about $1 billion so far, according to regulatory filings. Rex Tillerson in March said, we’re very anxious to get back to work there. And that therein lies the questions about what hat you’re wearing as the businessman he is now and if you can completely take that off, be-coming secretary of state.” [CNN, 12/11/16]
EXXON ESTIMATED IT LOST $1 BILLION DUE TO U.S. SANCTIONS
Exxon Said That Because Of U.S. Sanctions It Had Lost A Maximum Of $1 Billion From Its Joint Ventures In Russia.
According to Forbes, “Western sanctions against Russia are costing America’s most powerful company a few hundred million bucks. A billion to be exact. Exxon Mobil XOM -0.54% said in a 10-k filing with the SEC on Wednesday
that it lost a maximum of $1 billion from sanctions. In July 2014, the European Union and United States imposed sanctions on the Russian energy sector. The West believes Russia is behind much of the civil unrest in eastern Ukraine. Sanctions began in March 2014 following Russia’s annexation of Crimea, a Black Sea peninsula that was once part of Ukraine. But the punishment was kicked up a notch in July with sanctions banning American companies from doing business with Russian oil and gas drillers. That hurt a new $723 million joint venture between Exxon and Rosneft , Russia’s largest state owned oil company. This year, the two companies were to start drilling for oil in the Kara Sea, located in the Arctic Circle in northern Russia. ‘In compliance with the sanctions and all general and specific licenses, prohibited activities involving offshore Russia in the Black Sea, Arctic regions, and onshore western Siberia have been wound down,’ the company said in its filing for 2014 activities. Exxon said its ‘maximum exposure’ to loss from these joint ventures was $1 billion.” [Forbes, 2/27/15