Putin don’t need no stinking investments in the future
SWIFT retribution.
The Western world has been waging a quiet war against Russia for several years. No surprise they are responding in kind. It’s like Germany sinking the Lusitania in 1916. I mean, what did anyone really expect?
What goes around, comes around.
This is penny-ante.
Wait'll the USD gets hoist by the BRICS gold currency.
Why would any country hold their savings/reserves in US Dollars when US Government will steal them from you as a form of political pressure?
The exit of Carlsberg could be an opportunity for Bud Light
How long can we poke the bear and not expect it to hit back? We’ve been lucky so far.
Well, given western governments expropriated Russian assets already, I’m surprised they had not made this move yet. Retaliation in kind is what everybody should have expected right from the start.
I feel so sorry for the Corporate Giants boo hoo...
What does the west expect after the orgy of seizing hundreds of billions of Russian gold and cash from western banks, blowing the Nordstream lines, seizing several giant yachts of so called “oligarchs”, closing down all airspace over the EU and America to Russian airliners, removing them from Swift, etc?
Start impounding another nations assets and then act shocked when they do it back to you. DC, EU and Uk are mentally retarded.
US/EU stole $300bil. from the russkies, locked them out of SWIFT, made doing business in russia illegal and ordered the west corps out.
Russkies said ‘well, ok, thanks!” and now we have articles bitching about it.
Dumbf*cks.
Why is this unusual? Iran’s assets were first frozen by U.S. president Jimmy Carter in 1979, after revolutionaries overthrew the U.S.-allied Mohammad Reza Shah Pahlavi’s administration and took American hostages. After the Iranian Revolution in 1979, the United States ended its economic and diplomatic ties with Iran, banned Iranian oil imports and froze approximately 11 billion 1980-US dollars of its assets.
Many of the assets were then unfrozen in 1981 after the Algiers Accords were signed and the hostage crisis ended.[dubious – discuss] At the time of the 1979 revolution, the Pentagon re-sold some $400 million in Iranian military equipment already paid for by the deposed government, and the money was “placed in an escrow account”.
Much of the frozen cash includes Iran’s income from selling a limited amount of oil prior to the lifting of the sanctions, when Iran could legally sell oil but could not transfer the money back to Iran, because doing so was illegal under U.S. sanctions.
United States President Ronald Reagan imposed an arms embargo in 1983 on Iran, including United States military spare parts to the military during the Iran–Iraq War.
United States President Bill Clinton imposed some of the toughest sanctions against Iran in March 1995, during the presidency of Akbar Hashemi Rafsanjani, in response to the Iranian nuclear program and Iranian support for Hezbollah, Hamas, and Palestine Islamic Jihad, that are considered terrorist organizations by the United States under Executive Order 12957, to prohibit the United States from trading in Iran’s oil industry. In May 1995 Clinton also issued Executive Order 12959 to prohibit the United States from trading with Iran. Trade with the United States, which had been growing since the end of the Iran–Iraq War, ended abruptly.
In September 2006, the United States government under President George W. Bush imposed sanctions on Bank Saderat Iran, barring it from dealing with U.S. financial institutions, even indirectly for being used by Iran to work in our financial system. As of November 2007, the following Iranian banks were prohibited from transferring money to or from United States banks:
• Bank Sepah
• Bank Saderat Iran
• Bank Melli Iran
• Bank Kargoshaee (aka Kargosa’i Bank)
• Arian Bank (aka Aryan Bank)
Obama and Trump were in it too, but this is getting long. So, like I said, what’s so unusual about that?
Wy69
Any company that was doing business there after a KGB commie took over was pretty stupid to begin with.
Apparently dumba55 Neocons have forgotten that the assets seizures were started by the America and the West, including America seizing $100 billion of Russia's overseas foreign currency reserves. Pot meet kettle.
Neocons are the lowest form of life crawling on the fair face of Earth.
Surprise, surprise, a company CAN be held responsible for whom it allows to run it's Government.
Another steaming pile of nonsense from Timber.
Probably in response to the seizing of assets by us and NATO under the guise of sanctions. Actually surprised they haven’t done it sooner.
Now we’re back to the good old days of the Cold War:
Peripetchikoff : No formula, NO DEAL!
C.R. MacNamara : OK, NO DEAL!
Borodenko : We do not need you! If we want Coca-cola, we invent it ourselves!
C.R. MacNamara : Oh, yeah? In 1956 you flew a bottle of Coke to a secret laboratory in Sverdlosk. A dozen of your top chemists went nuts trying to analyze the ingredients. Right?
Mishkin : No comment!
C.R. MacNamara : And in 1958, you planted two undercover agents in Atlanta to steal the formula. And what happened? They both defected! And now they’re successful businessmen in Florida packaging instant borscht. Right?
Peripetchikoff : No comment!
C.R. MacNamara : Last year you put out a cockamamie imitation “Kremlin-kola!” You tried it out in the satellite countries, but even the Albanians wouldn’t drink it. They used it for SHEEP DIP! RIGHT?
Mishkin : No comment!
C.R. MacNamara : So either get down to business or get off the pot!
Peripetchikoff : My dear American friend, if we are to live together in peaceful coexistence, there must be a certain amount of give and take.
C.R. MacNamara : Oh, sure - we give and you take.
Peripetchikoff : What is the matter - you do not trust us?
C.R. MacNamara : No comment!
“Danone and Carlsberg were in the process of selling their Russian operations”
https://www.bbc.com/news/business-66218999
I suspect they were seized as security to ensure seized Russian assets outside of Russia will get returned.