Tuesday, August 8, 2017

Jon Hellevig — Russians Should Urgently Repatriate Their Assets From the West

Countering America's Adversaries Through Sanctions Act (H.R.3364) signed into law on August 3, 2017 targets potentially any Russian individuals, any people in commerce with Russia and Russians, as enemies. The law commences a massive worldwide hunt for assets, property, bank accounts of Russian people. Mechanisms for mass expropriation and freezing of private property, bank assets, and real estate that already exist will be unleashed to seize property belonging to Russians and their family and friends worldwide.
Any savings, homes, assets, bank accounts any Russians have anywhere in the western world are now at risk of being seized. Russians stand to lose all their monies in any western countries, if they do not repatriate them in time to Russia, beyond the reach of American agencies.
Sounding the warning: Your funds are not safe in the West.

Not all Russians, actually.
Exclusions and waivers will be granted to a handful Russians who have stolen billions from Russian state in Yeltsin era robber capitalism of 1990s that was brought to an end by President Vladimir Putin. Those who siphoned off an estimated 500 billion US$ in Russian state money under the garb of US promoted “market economy” and fixed elections of 1996, will be exempt.

Anyone else who publicly states animus and hatred toward Russia and President Vladimir Putin will be left alone. Traitors, turncoats and criminals will be spared if they join in the anti-Russia campaign – all others will be targeted.
Russia Insider
Russians Should Urgently Repatriate Their Assets From the West
Jon Hellevig, founder of the Awara Group and Finnish national who is a business consultant specializing in tax consulting and financial advisory with a long-standing practice in Russia

See also
Indonesia says it will barter coffee, palm oil and other commodities for Russian fighter jets, calling US and European sanctions against Russia an opportunity to boost trade.
"This barter under the supervision of both governments hopefully will soon be realized through the exchange of 11 Sukhoi Su-35s and a number of Indonesian exports, starting from coffee and tea to palm oil and strategic defense products,” Indonesian Trade Minister Enggartiasto Lukita said on Monday, as quoted by Reuters.
Russia, Indonesia to Avoid Dollar in Su-35 Sale


Matt Franko said...

I can't wait to see how they propose to turn a EUR or a USD into a RUB ....

Tom Hickey said...

I can't wait to see how they propose to turn a EUR or a USD into a RUB ....

Work around, as Russia just did with barter, and in the longer run create alternative payments systems, which Russia and China have already been doing.

The handwriting is on the wall for USD hegemony.

BTW, the euro was Europe's answer to USD hegemony and to some degree the British pound, which has since become more or less irrelevant.