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submitted 4 months ago by [email protected] to c/[email protected]

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.

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[-] [email protected] 35 points 4 months ago

Sucks to be them. If at this point you still do business in that shithole, you deserve to lose your ass.

[-] [email protected] 13 points 4 months ago

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).

[-] [email protected] 17 points 4 months ago* (last edited 4 months ago)

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.

[-] [email protected] 6 points 4 months ago

I'm well beyond forfeited sympathy, I celebrate their impending loss.

[-] [email protected] 1 points 4 months ago* (last edited 4 months ago)

Same... Sorry not sorry for your loss.

Coca cola

[-] [email protected] 0 points 4 months ago

It's actually Pepsi that is going to lose the most

[-] [email protected] 2 points 4 months ago

"i'm in danger" - jill stein

[-] [email protected] 25 points 4 months ago

I'm fine with this. Those idiots deserve to lose their assets at this point.

[-] [email protected] 17 points 4 months ago* (last edited 4 months ago)
[-] [email protected] 4 points 4 months ago

The beard dye and tactical office chair market will never recover.

[-] [email protected] 14 points 4 months ago

So McDonald and subway? Lol

[-] [email protected] 5 points 4 months ago* (last edited 4 months ago)

They already seized those when the companies pulled out after Ukraine

[-] [email protected] 1 points 4 months ago

mcdonalds already sold in 2022

[-] [email protected] 11 points 4 months ago

Do it. It will still hurt Russia much more than it will hurt American businesses who are dumb enough to still be in Russia.

[-] [email protected] 10 points 4 months ago
[-] [email protected] 3 points 4 months ago

I would also like to offer my thinks and god thinks.

[-] [email protected] 10 points 4 months ago

Oh no, not the rich fucks's money!

[-] [email protected] 5 points 4 months ago

I mean, this is a win-win. Unfortunately the people who have purchased our politicians probably won't see it that way.

[-] [email protected] 5 points 4 months ago

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.

[-] [email protected] 4 points 4 months ago

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.

[-] [email protected] 3 points 4 months ago

i'm down for anything that hurts republicans; seems like win win to me.

[-] [email protected] 3 points 4 months ago
[-] [email protected] 0 points 4 months ago
[-] [email protected] -1 points 4 months ago

Go for it. These companies will just raise prices to combat losses. They do that anyway as well, so nothing changes.

[-] [email protected] -2 points 4 months ago
[-] [email protected] -1 points 4 months ago

I’m sorry I can’t understand your accent

[-] [email protected] 2 points 4 months ago

Understandable, I've had a mix of Mexican and Chinese foods today.

this post was submitted on 28 Apr 2024
35 points (92.7% liked)

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