When the Russian loan negotiations went ahead, the Icelandic Prime Minister said something about how now Iceland would be able to be in agreement with Russia’s interests in the Arctic.
It sounded like an immediate and significant power shift.
The British using anti-terrorism legislation to grab Iceland’s assets is pathetic. They are not terrorists. And Brits who invest their money abroad do so at their own risk. Everyone knows that foreign investments have a risk attached, because if banks fail govts will bail out their own citizens, not foreigners (except the US recently, and that is another story.)
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