Comments by "Winston Smith" (@winstonsmith935) on "'Haven't seen much' of President Biden lately" video.

  1. Shell, BP, and Exxon are the biggest oil majors with Russian businesses. BP is the most intimately linked to Moscow, with a 25-percent stake in state oil major Rosneft. Commodity trading leaders including Vitol, Glencore, and Trafigura are also among Moscow’s business partners, the Financial Times wrote in an overview of the implications that Western sanctions could have on Russia’s economy and on its partners. “Extensive sanctions would be really problematic for the energy sector, even if they don’t directly target exports,” the FT quoted the head of political risk at GPW, a consultancy, as saying. The least that these Western companies could expect in the event of sanctions targeting their sectors would be “to down tools while they worked out their exposure,” Livia Paggi also told the FT. The most, judging by how sanctions unfolded in Venezuela, would be to leave the country—something that BP, for one, would be loathed to do given its pretty lucrative participation in Rosneft. Corporate America needs to break all Ties with Russia and China, so does Apple, Google, Facebook and many others.
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  2. Now at last BP are pulling out of Russia, just heard a news flash.
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