Russia may respond to any U.S. confiscation of its currency reserves frozen in the West by seizing the assets, including property and cash, of U.S. citizens and investors in Russia, Dmitry Medvedev, a senior security official, said on Saturday.
The U.S. House of Representatives has passed a bill allowing the Biden administration to confiscate Russian assets held in American banks and transfer them to Ukraine, something the Kremlin has said would be illegal and trigger retaliation.
In response to Russia’s war in Ukraine, the United States and its allies prohibited transactions with Russia’s central bank and finance ministry and blocked about $300 billion of sovereign Russian assets in the West, most of which are in European not American financial institutions.
The Group of Seven (G7) major democracies is also looking at what it may be able to do around the frozen Russian assets.
Sucks to be them. If at this point you still do business in that shithole, you deserve to lose your ass.
Yeah, this really seems like a win-win (assuming any reasonable Americans have had plenty of time to get themselves and their shit out of Russia).
At this point in history, any American businesses with assets left in Russia have forfeited my sympathy for whatever happens to those assets. And my sympathy for “entities with enough money to have assets in foreign countries” is scant to begin with.
Same… Sorry not sorry for your loss.
Coca cola
It’s actually Pepsi that is going to lose the most
I’m well beyond forfeited sympathy, I celebrate their impending loss.
“i’m in danger” - jill stein
Do it. It will still hurt Russia much more than it will hurt American businesses who are dumb enough to still be in Russia.
Sorry, Steven Seagal.
The beard dye and tactical office chair market will never recover.
Oh no, not the rich fucks’s money!
Look at the zero fucks I give about whatever “private assets” will be stolen by Russia.
Maybe don’t sink your money into that place when they’re clearly our rival and enemy.
Thoughts and prayers
I would also like to offer my thinks and god thinks.
I’m fine with this. Those idiots deserve to lose their assets at this point.
Anyone from the US stupid enough to have assets in russia deserves to lose them. Its doubtful I would approve of what any of them are doing and this seems like a win win for the decency.
So McDonald and subway? Lol
They already seized those when the companies pulled out after Ukraine
mcdonalds already sold in 2022
Go on then
LOLLLL
k
I’m sorry I can’t understand your accent
Understandable, I’ve had a mix of Mexican and Chinese foods today.
Removed by mod
Go for it. These companies will just raise prices to combat losses. They do that anyway as well, so nothing changes.
I mean, this is a win-win. Unfortunately the people who have purchased our politicians probably won’t see it that way.
