Posted on 07/19/2023 1:15:09 PM PDT by Timber Rattler
The Kremlin’s move to seize the Russian assets of Carlsberg and Danone is Moscow’s most brazen attack yet on foreign firms operating in Russia, and is likely to trigger fresh concern among businesses that have continued operating in the country, experts said.
President Vladimir Putin is handing control of the Russian subsidiaries of French food maker Danone and Danish brewer Carlsberg to regime loyalists, according to local media reports and government corporate registries, in a move that amounts to an expropriation of assets valued at well over $1 billion.
Both companies have huge operations in Russia and had publicly said they were preparing to exit the country, though had not yet closed down operations or finalized a sale.
Danone, the largest producer of dairy products in Russia, took in $3 billion in revenues in Russia last year, according to the Kyiv School of Economics (KSE). Its Russian subsidiary will be taken over by longtime Putin friend Taimuraz Bolloev, who has connections to Kremlin-favored tycoons Yury and Mikhail Kovalchuk as well as Arkady Rotenburg.
Beer-maker Carlsberg — whose Russian subsidy Baltika chalked up $1.6 billion in sales in 2022, according to KSE analysis — is to be handed to Yakub Zakriev, the nephew of Chechen leader Ramzan Kadyrov, a key Putin ally in the restive North Caucasus region.
“It shows that Russia is prepared to take countermeasures against Western companies in order to curry favor with the new elites. The redistribution of wealth is reminiscent of the 1990s, when the oligarchs emerged,” said Maria Shagina, a senior research fellow for economic sanctions at the International Institute for Strategic Studies (IISS).
(Excerpt) Read more at themoscowtimes.com ...
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.
” Europe would have been far better off if Germany had won WWI and the Bolshevik revolution has been crushed and Hitler had never had any reason to rise in politics.”
As insane as that sounds at first, it makes sense. Germany of WWI was utterly different than Germany of WWII. German soldiers had the right to vote. Nearly none of the British Army could. Had we not entered, and the 1917 stalemate progressed into an end to the war, it’s actually possible that bolshevism could have been stopped.
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
And here we are in 2023, with england turning into a caliphate of Islam...
Any company that was doing business there after a KGB commie took over was pretty stupid to begin with.
“How long can we poke the bear and not expect it to hit back?”
Well, when we are talking about a crippled, geriatric bear that is missing most of its teeth, probably forever.
“Europe would have been far better off if Germany had won WWI and the Bolshevik revolution has been crushed...”
Umm, Germany STARTED the Bolshevik revolution.
Any country from South America, Africa, the Middle East, the Far East and Central Asia that was doing business with the West after the rainbow Globohomos took over was pretty stupid - but they're ALL getting wise to the game, and pulling their hard assets out of the reach of the Grifting Pirates of the EU and the US.
Out of desperation to end the war!
It was certainly not their first choice.
Wilhelm and Nicholas were cousins and on good personal terms.
They tried to avoid the war but failed to get their respective “governments” under control. Shows even for monarchies they sure had their governing limitations.
Your response is sensible, but those who cannot understand or refuse to understand will not understand. The neo-con "color revolutions" popularized especially under Obama, for the purpose of "regime change," a phrase also popularized then, seem innocuous until one figures that some regimes will eventually respond in kind.
Shoot at someone and they shoot back.
Sanction begets sanction. Expropriation begets expropriation. Impound begets impound. And so on.
The third law of motion will call this that "equal and opposite reaction."
As the saying, attributed to various sources, goes: “Payback is a bitch, and the bitch is back.” Applies too all sides.
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.
Now tell us that the Russian army has only shovels to attack with while they rain missiles and artillery shells down on the Ukraine. Zeepers are not deep thinkers.....
But give them credit. They can post many, many comments to themselves, sometimes only in seconds, and post many big graphics, so often without sourced URLs.
On a linguistic side to this, if there is such a thing as a Zeeper, would a pro-Putin individual be a Peeper? Would someone who thinks the US shouldn't be involved at all be a conservative, non-neocon Freeper?
“while they rain missiles and artillery shells down on the Ukraine”
My comment was to someone asking how long WE could “poke the bear”, not how long Ukraine could.
If you think Russian “missiles and artillery” are some kind of threat to the USA you have a special kind of mind, I’d say.
You are dumb as a post.
We. regardless of where we live are trying to establish markets in Russia and Russian dominated countries.
Hard to do business with people that steal all your capital investment just because they can.
Russia will learn that lesson.
Russia will also learn that Pride is the deadliest sin of all,
They may have thought that they had a good reason to do it (though I’d argue in hindsight no possible reason could have justified what they caused).
But that’s not my point. My point was the poster was speculating about how much better we would be if Germany won and the Bolsheviks were crushed, but was seemingly unaware of the basic facts surrounding the history of the events they are speculating about.
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.
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