b.p. and exxon mobil and they're actually instead of white houses line have signed agreements with russia's ross now it's now you know we're thinking over here don't you find a little silly that they're actually making tills with a company whose c.e.o. can't even visit them or even pay for their lines because you know he's banned from everywhere and i know it's an absurd situation what do you make of it. well i don't share your premise i think. that. part of the conduct of business we have to look at it from the broader. framework there is what companies are doing that and what states are also involved in and we have we're also going to see a process of adjustment in this regard but to qualify the sword well that's. your opinion is not mine now that surge is not the fact that companies are making deals despite of policies the upstart is the man who is in charge of the biggest company in russia cannot even visit the company. signing that deals with that's what i meant just wanted to for size all right thank you so much for this wonderful insight on the in the world of energy we're talking to

and here is the c.e.o. of exxon mobil rex tillerson bob dudley they had of britain's b.p. was also present as well as the boss of norwegian oil giant stanwell and manny they're sad they wanted to keep politics away from business. this is really a. relationship it's developing. according to the culture we don't believe this kind of stuff we want peace now some of the u.s. business community fear even temporary sanctions could end up in the long lasting damage to their russian exports economic expert from the university of massachusetts richard wolfe says american companies have good reasons to be worried . the united states has direct an interest in direct investments in russia it has made plans to get access to russian energy which it has made plans to get financial benefits by banking deals between russian banking and financial officials and americans and if in russia there's a reaction against pressure from the united states then there are ways in which all kinds of companies in the united states will suffer losses we don't know how bad they'll be we don't know how long t

exxon mobil we saw you european c.e.o.'s were also present mr bob paid a visit and he's of course the head of britain's b.p. and the head of norway's oil giant and one of the biggest energy firms in the e.u. stat oil was also caught on camera so guys screw sanctions business as usual but this is really a very good. relationship it's developing. according to the conference we don't believe this kind of problem we want these all the u.s. and its allies look like jealous wives calling on their business husbands to stay at home as they cheat on them with russia instead james rickards an american economist and author of the new york times best seller the death of money joins us live from the states to give us some analysis on this jim the big politics in business are they supposed to act as a team. superficially yes but behind the scenes no and i don't really find a lot of respect for u.s. sanctions around the world the white house really elevates substance. elevates form over substance they're going through the motions of putting on the signaling sanctions but behind the scenes certainly european political lead