Posted on 03/03/2022 9:57:29 PM PST by fluorescence
MOSCOW (Reuters) -Russia will temporarily stop foreign investors from selling Russian assets to ensure they take a considered decision, not one driven by political pressure, the prime minister said on Tuesday, as Moscow responds to intensifying Western sanctions.
Russia's huge sovereign wealth fund will also be pressed into action, spending up to 1 trillion roubles ($10.3 billion) to buy shares in Russian companies, a government decree showed, confirming an earlier report by Reuters.
"In the current sanction situation foreign entrepreneurs are forced to be guided, not by economic factors, but to make decisions under political pressure," Prime Minister Mikhail Mishustin told a governmental meeting.
"In order to give business a chance to make a considered decision, a presidential order was prepared to impose temporary curbs on exit from Russian assets," he said, without giving details.
Russian authorities are hurrying to respond to increasingly harsh sanctions imposed by Western nations since Moscow invaded Ukraine last Thursday.
[snip]
The Institute of International Finance (IIF), a trade group representing large banks, has warned that Russia is extremely likely to default on its external debts.
With Moscow's battered stock market closed for a second day on Tuesday, Russian billionaire Mikhail Fridman, who has been sanctioned by the European Union, warned that exiting Russian assets might prove difficult even without the temporary ban.
"I don't think we would be able to divest assets in Russia right now because there are no buyers for the time being," Fridman told reporters in London.
(Excerpt) Read more at news.yahoo.com ...
Russia will temporarily stop foreign investors from selling Russian assets....
Anyone who is stupid enough to invest in a company that exists in a kleptocracy deserves to lose their ass.
Ok, that puts America onto the same punishment list as Russia.
The financial version of not being allowed to leave the camp.
I repeat:
“Anyone who is stupid enough to invest in a company that exists in a kleptocracy deserves to lose their ass.”
Get it dumass?
The villain: “You’re not mad cause I robbed your bank”
The banker: “Nah, I don’t keep my money in there anyway. I don’t trust’em”.
From the movie The Villian. More truth I think than most bankers and crooks will fess up too.
Few Americans understand the systemic kleptocracy that is Russia. From the lowest level bribes all the way to the top. NOTHING is done without it.
Bless your heart. Making the same statement twice instead of responding with reasoned argument to refute my claim that America is a kleptocracy itself is how a child thinks and argues.
.
I know what “bless your heart” means down south. Nice you didn’t just spell it out. The moderator might have killed this thread. Thanks
I learned “Bless your heart” in the late 80s when I was selling Bibles in school books door to door in the Smokey Mountains..
You are losing your temper and ranting. Sorry you were outmatched. Next time. 😘
I’m not fluent in any language but swearing (learned that in the service) but I can get in trouble in Mexican, German, Italian. English here and in Britain. My favorite in American is “have a nice day”. 😜
Guess you’re not familiar with Chicago or New Orleans
For those of you who still don't know who the real McCain is, just follow the links below if you need reminding or enlightening:
Military and Related Foreign Policy Issues
1. Agrees with Democrats that our Foreign Policy has been arrogant and we need to be more humble.
2. Voted against bill that would impose sanctions against foreign governments and companies that invest more than $20 million in Iran's energy sector until the president certified to Congress that Iran had dismantled its weapons of mass destruction Here and Here
3. McCain graduates from Annapolis, 894th out of a class of 898. McCain had conflicts with higher-ups, and he was disinclined to obey every rule.
4. McCain loses the first of five aircraft he will lose over the period of his career as a Naval Pilot, contributing to him becoming a reverse Ace. Poore states circa 1960. Article here states 1958. Ace McCain
5. McCain graduates from flight training. He is required to do six arrested landings aboard the Training Aircraft Carrier, the USS Antietam, in the Gulf of Mexico to be certified. He completes two.
6. McCain joins 26 other Republicans to vote with the Majority Party Congressional Democrats to demand U.S. Troops exit Lebanon, winds up on the losing side.
7. McCain co-sponsors an unsuccessful bill to cut off funding of United States troops in Somalia
8. McCain and John Kerry release the Select Committee report urging the MIA issue be put to rest so that Vietnam could be granted normalized relations with the U.S., over objections by MIA family and veterans groups.
8. McCain announces he deplores the Swift Boat adds against Senator John Kerry, and asks the White House to refute them.
9. McCain declares, “I want us in the ICC (International Criminal Court)”, but I would like to see more safeguards first
10. McCain joins Dole to write op-ed for the Washington Post, states in part, “We should publicly remind Khartoum that the International Criminal Court has jurisdiction to prosecute war crimes...
11. McCain states he will close Guantanamo Bay terrorist detainment center on his first day in office
12. McCain's Gitmo problem, close the base, grant Geneva Convention status, stop water boarding...
13. McCains speech to the World Affairs Council, Europe may get veto power over some of our foreign policy...
14. McCain announces support for severe cutbacks on our nuclear weapons, withdrawing battlefield nukes from Europe and giving our nuclear waste to an international body
15. McCain states, “I disagreed strongly with the Bush administration's mismanagement of the war in Iraq.
16. McCain still wants us to sign the L.O.S.T. treaty in time, but does have concerns over sovereignty issues.
17. McCain Defends John Kerry on Defense matters
18. Wants to close Guantanamo and give Terrorists modified military trials with some of the same rights as our civil court system.
19. March 13, 2000 - Declare he would do the following on his first day in office: “The first thing I would do,” the candidate answered, “is call in John Kerry, Bob Kerrey, Joe Biden, Zbigniew Brzezinski, Henry Kissinger, Dick Lugar, Chuck Hagel and several others and say we've got to get foreign-policy, national-security issues back on track.”
You could have added “por nada”.
Duck.
Kleptocracy is a government whose corrupt leaders use political power to appropriate the wealth of the people and land they govern, typically by embezzling or misappropriating government funds at the expense of the wider population.
https://en.wikipedia.org/wiki/Kleptocracy
You agree the US is a kleptocracy, correct? It defines our current presidency and Congress.
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