Cameron Settles OFAC Case for $1.4 Million for Violation of Ukraine-Russia Sanctions

Cameron International Corporation has agreed to pay $1.423 million to settle OFAC charges that it provided prohibited services to the Gazprom-Neft Shelf for an Arctic offshore oil project. U.S. managers approved five contracts for its Romanian subsidiary to supply goods to an offshore oil production and exploration platform in the Russian Arctic. Mike Volkov describes […]
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