its relationships with its banking partners in russia. the world s biggest container ship operators are halting their cargo bookings to russian ports. which is the most devastating to the average russian? maybe the most is actually . in the short term, that s going to be a significant impact. reporter: in the media and entertainment space, rt, the kremlin backed tv network known for putting out putin s propaganda is being dropped from providers like directv. disney and cnn s parent company, warner media, have stopped releasing movies there. while the moral component is a strong motivation for these companies, are they also pulling out of russia to avoid pr headaches? well, it s pretty easy to have it be both, in fact, because there s so much risk, not only reputationally, but also from a legal perspective. reporter: another move that will hurt the average russian s
will be getting back in to service soon. i. ~ . soon. do you think when post decided to sack the 800 soon. do you think when post decided to sack the 800 workers soon. do you think when post decided to sack the 800 workers without i to sack the 800 workers without consultation they had any idea of what would unfold and the process, the response, sorry to this would be, because on the face of it it has been disastrous for them, reputationally certainly. find been disastrous for them, reputationally certainly. and peter hebblethwaite reputationally certainly. and peter hebblethwaite acknowledges i reputationally certainly. and peter hebblethwaite acknowledges in i reputationally certainly. and peter| hebblethwaite acknowledges in the letter he said today, the reputation of the company has suffered and his personal reputation as well, i remember hearing him, that extraordinary select committee meeting, where he kind of said, it is a bit of a surprise how big the reaction has been b
that level of individual risk has been removed from the system and so people do what they re going to do without the fear if that deal goes wrong, i m not just going to have egg on my face reputationally, i plight lose my house, i might lose my income. i want to ask you about another one of your of the issues you ve written a lot about which is front and center now. we re taking on a huge amount of debt. the deficits are the really larger than at any point since world war ii. you have for a long time, when this happened after the global financial crisis, you were saying basically stop worrying, really deficits don t matter. is that fair and if so explain. right. i think it is that deficits don t matter at the point at which we are spending. clearly there is a point at which the load of debt would be unsustainable. i just think that that load is multiple times greater than the current amount. and i think that is where people have kind of misunderstood the amount of debt with the c
that level of individual risk has been removed from the system. and so people do what they re going to do without the fear if that deal goes wrong, i m not just going to have egg on my face reputationally, i might lose my house, i might lose my income. i want to ask you about another one of your of the issues you ve written a lot about which is front and center now. we re taking on a huge amount of debt with spending. the deficits are the really larger than at any point since world war ii. you have for a long time, when this happened after the global financial crisis, you were saying basically stop worrying, really deficits don t matter. is that fair, and if so explain. right. i think it is that deficits don t matter at the point at which we are spending. clearly there is a point at which the load of debt would be unsustainable. i just think that that load is multiple times greater than the current amount. and i think that is where people have kind of misunderstood the amount of
stuff unravelled. he s got two things coming at him. there s an investigation in the southern district of new york of his associates for campaign finance violations. that s independent of everything going on in congress. meanwhile congress is unraveling this other scheme to essentially tilt ukraine against biden in trump s favor for the 2020 election. both of those things are hugely problematic for him. legally, reputationally and operationally. because at some point most of these people around trump aren t going to be loyal to him. we ve seen this already with lev parnas. he was someone they assumed wouldn t cooperate with the impeachment inquiry. how many other people are going to start cooperating and change their stories like gordon sondland did today? when there s just a couple of people involved in a conspiracy or wrong doing, it s easy for them to keep their stories straight. when you have an entire group of people and they all start to get picked off by prosecutors or professio