Owners outfoxed as Russia absconds with $10 billion worth of jets

Discussion in 'Economics' started by ajacobson, Mar 9, 2022.

  1. TheDawn

    TheDawn

    Yeah taking those planes was ridiculous!! But those assets are frozen though; they still belong to the Russian people. Can the west really use those assets, even some of it?
     
    #11     Mar 9, 2022
  2. terr

    terr

    If the court orders it, definitely.
     
    #12     Mar 9, 2022
  3. TheDawn

    TheDawn

    Yeah but which court? American court or international court?
     
    #13     Mar 9, 2022
  4. terr

    terr

    I am sure the lawyers will figure it out. Whatever banks froze it, in whatever country, I presume. What is interesting though is, how do Russians think anyone will ever trust them again for anything in business after they pull stunts like these?
     
    #14     Mar 9, 2022
  5. mikeriley

    mikeriley

    I don't understand what gives anyone
    the right to confiscate the Russian
    oligarchs wealth. Are we to assume
    they're responsible for political
    influence over Putin?

    A smart man will protect his wealth.

    This bleep sets a precedent they'll
    confiscate anyone's wealth if and
    when you don't walk the line
    of some future arbitrary policy.
     
    #15     Mar 10, 2022
  6. terr

    terr

    The funds that are frozen are Russian bank's funds. Not "oligarchs"' funds.

    If you're talking about the yachts - I don't know ask the courts in the countries where they were confiscated.

    Oh and I would not call opposition to an unprovoked military invasion of a neighboring country an "arbitrary policy".
     
    #16     Mar 10, 2022
  7. mikeriley

    mikeriley

    It is arbitrary if a man's wealth is confiscated. Those
    affected have no political control over Putin.

    I do not agree with absconding with what people
    have worked for their whole life.

    Point of fact, who gave this international court
    the authority to seize assets?

    It's unprovoked because the Media says so?
    F@ck the meda since SVR or any Russian deep
    cover foreign Intelligence agents are not required
    to share information with the world.

    Mr Putin nor his advisors could give a rats
    ass to satisfy anyone's need for
    proof why he sees the actions in
    Ukraine as a threat.

    Until the NATO paper soldiers and it's
    leadership grow a spine expect more of
    the same from Russia
     
    Last edited: Mar 10, 2022
    #17     Mar 10, 2022
  8. terr

    terr

    1. It is not an international court. Courts in the countries that confiscated the yachts (Italy and others) are in charge. The authority obviously comes from those countries' governments.

    2. I have yet to hear of someone confiscating a 512-ft yacht of some poor Russian worker who worked all his life for it.

    3. Without these oligarchs Putin would not be where he is. His rule is based on them. He enriched them and they enriched and support him.
     
    #18     Mar 10, 2022
  9. mikeriley

    mikeriley

    Appreciate your opinion
     
    #19     Mar 10, 2022
  10. TheDawn

    TheDawn

    As part of the ongoing war effort then. Well the same thing that Russians are asking themselves: How can they trust the West ever again and how vulnerable they can be when they open themselves to international commerce. Putin and the young Russian people today are starting to understand why their elders are always so paranoid about the West.
     
    #20     Mar 10, 2022
    RedSun and sridhga like this.