Max Tillerson's ties with Russia
Posted by:
stratsvoytsya
()
Date: January 11, 2017 11:34AM
Tillerson has ties with President Vladimir Putin of Russia. They have been associates since Tillerson represented Exxon's interests in Russia during President Boris Yeltsin's tenure. John Hamre, the President and CEO of the Center for Strategic and International Studies, of which Tillerson is a board member, states that Tillerson "has had more interactive time with Vladimir Putin than probably any other American, with the exception of Dr. Henry Kissinger."
Tillerson is a friend of Igor Sechin, the leader of the Kremlin's Siloviki (security/military) faction, who is "widely believed to be Russia's second-most powerful person" after President Putin.
In 2011, on behalf of ExxonMobil, Tillerson signed an agreement with Russia for drilling in the Arctic that could be valued up to $300 billion. The company began drilling in the Kara Sea in the Summer of 2014, and a round of sanctions against Russia introduced in September that year due to the Ukrainian crisis was to have brought the project to a halt in mid-September. Nevertheless, the company was granted a reprieve that stretched the window to work until October 10, which enabled it to discover a major field with about 750 million barrels of new oil for Russia.
In 2013, Tillerson was awarded the Order of Friendship by President Putin for contribution to developing cooperation in the energy sector.
Tillerson has some shares in Russian technology company Yandex.