Posted on 03/14/2022 5:19:54 PM PDT by marcusmaximus
Confiscating the assets of companies that have fled Russia since the invasion of Ukraine would shatter investor confidence for decades and take Russia back to the calamitous days of the 1917 Bolshevik revolution, metals magnate Vladimir Potanin has said.
Potanin, president and biggest shareholder of Norilsk Nickel, the world's largest producer of palladium and refined nickel, said Russia should respond with pragmatism to its exclusion from swathes of the global economy.
"We should not try to 'slam the door' but endeavour to preserve Russia's economic position in those markets which we spent so long cultivating," Potanin, 61, said on the Telegram messaging app.
Potanin, one of the most prominent Russian billionaires who is not sanctioned by the West, said confiscating assets from companies that had left would put Russia out in the cold for decades, as far as investors were concerned:
"It would take us back 100 years to 1917. And the consequences - a global lack of confidence in Russia from investors - we would feel for many decades."
(Excerpt) Read more at money.usnews.com ...
So what does that about the west that has already confiscated assets?
I think Russia could wind up as a vassal state supplier to China of oil/gas/minerals.
KGB Putin is begging Xi for MREs and Xi is laughing at him.
Exactly.
Slam the door on the TechnoDicktaters, and see how their Green New Deal [courtesy of Vlad and Xi, BTW] fares without nickel to make their batteries...
The odds of Russia having a Communist Revolution as in 1917 are non-existent, so I’m not sure to what this guy is referring. Sounds like he’s just trying to protect his own assets.
Hems talking nationalization of everything, again.
Not a “revolution.”
It says that everybody should be very leery of investing money in the West.
That is, “He’s,” not “Hems.”
Phone keyboard didn’t respond right.
“odds of Russia having a Communist Revolution as in 1917 are non-existent”
—
The majority of Russians would prefer the old USSR to come back, except in 2012 when polling wishing for such a return went below 50%.
https://en.wikipedia.org/wiki/Nostalgia_for_the_Soviet_Union
Interestingly, it is the older folks who actually lived under the Soviet system who poll the highest for a return to those days.
“I think Russia could wind up as a vassal state supplier to China of oil/gas/minerals.”
—
China already owns the US, it might as add the Russkies as dependents.
China is going to own Russia. Putin thinks he can handle China but he has a nasty surprise coming.
Sure does.
Russia WAS moving forward in 1917, before the Globalists sent Lenin to Russia.
This all mostly ends if Russia departs Ukraine.
Some of Ukraine’s reparations can be paid from the seized assets.
“So what does that about the west that has already confiscated assets?”
The problem for Russia is they believed themselves to be a big fish when they are not. They are now paying a steep price for their delusion.
Apple, Visa, McDonalds and all the other big American firms gets less than 1% of their revenue from Russia. Pulling out is but a blip in their share price.
For Russia the western firms are 35% of their economy. That has been wiped out in two weeks and is an economic tsunami.
McDonald’s and PepsiCO make close to 10-15% in Russia. Most of McDonald’s operations are sourced locally and going to continue after pullout.
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