The [Kremlin] spokesman [Dmitry Peskov] added that the move “mirrors the attitude of Western states towards foreign assets belonging to Russian companies.”
“The main goal of the step is to create a compensation fund for potential use in tit-for-tat measures in response to the expropriation of Russian assets abroad,” Peskov said. He added that a number of states systematically carry out a rapid transition from temporary administration to actual confiscation..
The decree does not deal with property issues and does not deprive the owners of their assets, Peskov stressed, noting that the list of assets subjected to the measure could be expanded.
Like weaponizing a currency, confiscation of economic assets has adverse effects on the world system. One affects financial capital and the other affects economic capital. This is antithetical to capitalism as a system of political economy.
The move will “ensure the uninterrupted operation of companies significant for the national economy and eliminate the risks of the political position of a number of unfriendly countries influencing” the security of Russia.
The original owners are considered to have temporarily lost control of the property, but not forfeited it outright. The measure “helps preserve the investment climate in Russia and reduce the outflow of capital from the country,” the agency added.
German industrial giant to take hit on Russia exit READ MORE: German industrial giant to take hit on Russia exit
The decree also establishes a legal framework that enables the Kremlin to take over more foreign assets should other countries seize Russian private or government property in their jurisdictions, or threaten the national, energy, or economic security of Russia.
Germany and Poland have so far seized an estimated $22 billion in assets belonging just to two Russian companies, Gazprom and Rosneft, according to media estimates.
See also
How German Chancellor Angela Merkel Subjected Germany to the U.S.
Werner Rügemer, German public intellectual
We can make our own vodka thanks…. Ask Nancy Pelosi….
ReplyDeleteI thought she was a straight gin drinker.
ReplyDeleteBlowing up a pipeline is antithetical to capitalism, yet somehow these acts of piracy get the green light.
ReplyDeleteSimon Michaux: "The Arcadian Blueprint" | The Great Simplification #68 - Nate Hagens
ReplyDeletehttps://youtu.be/bb801wdRULM
Show Summary:
In this episode, Simon Michaux returns to discuss his new paper “A Resource Balanced Economy”, which outlines an alternative economic and social system. This conversation builds off of his two previous episodes on The Great Simplification, unpacking the ideas and tools that will be helpful in planning for an unknown future with more energy and material constraints. How can we be more intentional about the design of our technology to make products that are longer lasting and easier to reuse? How can we organize society to create resilient communities based around actual human needs, rather than endless efficiency geared towards growth? Can an ‘Arcadian Blueprint’ emerge, and at what scale, and by whom?
About Simon Michaux:
Dr. Simon Michaux is an Associate Professor of Geometallurgy at the Geological Survey of Finland. He has a PhD in mining engineering. Dr. Michaux’s long-term work is on societal transformation toward a circular economy.
“How can we be more intentional about the design of our technology to make products that are longer lasting and easier to reuse?”
ReplyDeleteFacebook marketplace is pretty good…
Just got a used lawnmower for $250 starts right up, Toro new $500 now … my old ones deck rusted out after 22 years…
Lots of good used local stuff on there …
A systematic reuse of products would have a significant impact in energy consumption.
ReplyDeleteModular systems could also be developed.