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

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

  1. newwurldmn

    newwurldmn

    Maybe smuggling jordache jeans will be super profitable again.
     
    #21     Mar 10, 2022
    Frederick Foresight likes this.
  2. newwurldmn

    newwurldmn

    Those citizens should overthrow the guy whose causing them to lose their livelihoods.

    if Russia doesn’t need to justify its invasion of Ukraine and shelling of those civilians, the west doesn’t need to justify its confiscation of Russian property and its economic sanctions against those civilians.
     
    #22     Mar 10, 2022
  3. ZBZB

    ZBZB

    In the U.K. it is frozen not confiscated.
     
    #23     Mar 10, 2022
  4. zdreg

    zdreg

    +1 for tenacity.
     
    #24     Mar 10, 2022
  5. What does it mean to have "frozen" 400 billion in Russian assets that Putin counted on as a rainy day fund?

    Putin had these assets OUTSIDE of Russia to use as a rainy day fund? For whom
     
    #25     Mar 10, 2022
  6. RedSun

    RedSun

    American government has used frozen foreign assets all the time. Assets from Iran, North Korea. And recently $7BB of Afghanistan. That is just insane to take money from a poor country where ordinary people are dying from hunger and cold.
     
    #26     Mar 10, 2022
  7. RedSun

    RedSun

    What difference it makes? If Putin never returns from Ukraine, the money will be frozen forever. And some Western governments may just use that money to buy arms to send to Ukraine and let fighting to continue.

    This has happened with the frozen assets from Syria, Iran and probably Libya too.

    Taking other nations' money, particularly from private citizens are really absurd. The free world always talks about "laws and orders". Wonder what laws they cite now to take private assets. Even "freeze" the ownership of a large sport club.
     
    #27     Mar 10, 2022
  8. ZBZB

    ZBZB

    It means you still own it and your property rights are respected so other people invest in your market instead of markets where it is confiscated.
     
    #28     Mar 10, 2022
  9. terr

    terr

    #29     Mar 10, 2022
  10. newwurldmn

    newwurldmn

    i definitely won't want to fly aeroflot for a very long time.
     
    #30     Mar 10, 2022