• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”

3

The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”

3

The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
Leadership

Rex Tillerson Will Face Questions on His Ties to Putin at Today’s Confirmation Hearing

By
Reuters
Reuters
and
Michelle Toh
Michelle Toh
Down Arrow Button Icon
By
Reuters
Reuters
and
Michelle Toh
Michelle Toh
Down Arrow Button Icon
January 11, 2017, 5:47 AM ET
Add Fortune on Google for similar content.

President-elect Donald Trump’s pick for Secretary of State, Rex Tillerson, faces tough questioning at his confirmation hearing on Wednesday over his ties to Russian President Vladimir Putin as both Democrats and Republicans worry about Moscow’s increasingly aggressive behavior.

The central question facing Tillerson, 64, the former chairman of Exxon Mobil (XOM), is how effectively he can transform himself from a Big Oil “dealmaker” to being America’s top diplomat with little government experience.

According to excerpts from his opening statement released before the hearing, Tillerson will say that Russia poses a danger and NATO allies are right to be alarmed at a resurgent Moscow.

He will argue, however, that Russia’s resurgence happened in the “absence of American leadership” and will call for open and frank dialogue with Moscow.

“We must be clear-eyed about our relationship with Russia,” Tillerson will say. “Russia today poses a danger but it is not unpredictable in advancing its own interests,” according to the transcript of his remarks.

“We need an open and frank dialogue with Russia regarding its ambitions, so that we know how to chart our own course,” he will say. He will also emphasize the need to destroy Islamic State, and will criticize China’s behavior in the South China Sea and call on Beijing to pressure North Korea.

Tillerson‘s confirmation hearing comes at a time of rising tensions with Russia over its role in the U.S. presidential election and an assessment by U.S. intelligence agencies that Russia was behind the hacks of political figures in an effort to help Trump win the Nov. 8 election. Moscow has denied the allegations.

Tillerson opposed U.S. sanctions against Russia in 2014 over its annexation of Crimea from Ukraine because he thought they would be ineffective.

On Tuesday, 10 senators – five of whom sit on the Senate Foreign Relations Committee that will vet him – introduced legislation to impose even tougher sanctions on Moscow, and promised to grill Tillerson about whether he would back them.

One of the senators, Republican John McCain, who has called Putin “a thug and a murderer,” was quoted by media as telling reporters last week when asked if he could support Tillerson: “Sure. There’s also a realistic scenario that pigs fly.”

In 2012, Tillerson received the “Order of Friendship” award from Putin. The same year, Exxon deepened its cooperation with Russian oil company Rosneft to expand an oil drilling project in the Arctic after U.S. sanctions over Ukraine were imposed.

At the time of the sanctions, Russian oil tsar Igor Sechin told Reuters he would miss three things: exploring U.S. culture, the chance to show his children American landscapes and riding motorbikes with Tillerson.

MIDDLE EAST

Tillerson is also expected to face vigorous questioning over the U.S. role in ending the Syrian civil war, Israel’s contentious settlement policy and the question of a two-state solution to the Israeli-Palestinian conflict, climate change, U.S. participation in NATO and U.S. support for the Iran nuclear deal.

Trump has made contradictory statements on the Iran nuclear deal, including that he would dismantle the agreement signed between Iran and six world powers – Russia, China, Britain, Germany, France and the United States – in 2015.

Tillerson is also expected to be asked how he plans to promote human rights in countries in the Middle East, Africa and Latin America, where Exxon cut deals with governments widely criticized for their poor human rights records.

Exxon came out in support of the Paris climate agreement and has advocated for a carbon tax. The company is under investigation by the New York Attorney General’s Office for allegedly misleading investors, regulators and the public on what it knew about global warming.

Bob Corker, chairman of the U.S. Senate Foreign Relations Committee, said he expected Tillerson to win strong support and was convinced he had “mainstream” views on Russia.

“I predict that he’s going to be overwhelmingly supported,” Corker told reporters recently. “I think they’re going to see how substantial this person is.”

Democrat Chris Murphy said Tillerson lacked the record to be Secretary of State, given Trump’s lack of diplomatic experience.

“I’m looking for a leader who will be an advocate for growing diplomacy as a tool in our national security toolkit, and who doesn’t shy away from confronting countries like Russia over increased aggression,” Murphy said.

Secretary of State John Kerry said on Tuesday he had not yet met with Tillerson, although they had spoken by phone.

Speaking at a Washington forum on the transition process, Kerry acknowledged he was dismayed by the lack of thorough vetting of some of Trump’s nominees.

Tillerson has not submitted tax returns, but his financial disclosure and ethics agreements have been made public. Exxon said on Jan. 4 that Tillerson had agreed to sever all ties to the company to comply with conflict-of-interest requirements and if confirmed, would sell more than 600,000 Exxon shares he currently holds.

About the Authors
By Reuters
See full bioRight Arrow Button Icon
By Michelle Toh
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Leadership

nyse
CommentaryEconomics
AI doesn’t end scarcity. It relocates it
By François Candelon, Paul-Louis Andres and Augustin ManchonJuly 24, 2026
46 minutes ago
European travel platform Omio raises $10 million and buys Rail Europe as it chases Asia’s tourism market 
Asiatourism
European travel platform Omio raises $10 million and buys Rail Europe as it chases Asia’s tourism market 
By Nicholas GordonJuly 24, 2026
3 hours ago
Meet SLB: The $70 billion oil services giant poised to cash in on AI data centers and the post-Strait of Hormuz oil exploration boom
Magazineoil and gas
Meet SLB: The $70 billion oil services giant poised to cash in on AI data centers and the post-Strait of Hormuz oil exploration boom
By Jordan BlumJuly 24, 2026
3 hours ago
tokens
AIAI agents
‘You just hired a million bad employees’: How the brief tokenmaxxing era delivered the opposite of what it promised
By Nick LichtenbergJuly 24, 2026
3 hours ago
bots
AIAI agents
Turns out Dead Internet Theory was right: AI agents are eating the Web, growing by nearly 8,000% and rewiring the Internet’s business model
By Mia OsmonbekovJuly 23, 2026
14 hours ago
Alphabet’s SpaceX stake fuels a $98 billion gain, beating estimates
Big TechMarkets
Alphabet’s SpaceX stake fuels a $98 billion gain, beating estimates
By Barbara Ortutay and The Associated PressJuly 23, 2026
17 hours ago

Most Popular

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
Real Estate
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
By Nick LichtenbergJuly 22, 2026
2 days ago
Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”
Personal Finance
Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”
By Joshua HongJuly 23, 2026
1 day ago
The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
Economy
The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
By Sasha RogelbergJuly 23, 2026
19 hours ago
Current price of oil as of July 23, 2026
Personal Finance
Current price of oil as of July 23, 2026
By Joseph HostetlerJuly 23, 2026
1 day ago
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
Economy
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
By Sasha RogelbergJuly 22, 2026
2 days ago
Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for
Big Tech
Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for
By Sydney LakeJuly 23, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.