Thats pure BS from your side..they did partial seize just to show west that there will be consequences if usa tries to block russian money and use it to sponsor weapon production for ukraine...Nato aproximetly seized around 300 bilion of russian money and russians can retaliate with around 160 bill
Most of us have already heard about it, but have a look at the list from Jeffrey Sonnenfeld and his team at Yale tracking companies still doing business in Russia. They keep it updated regularly. These companies value profit over justice, freedom, and human life and help funding russian aggression with the taxes they pay in Russia.
The losses are big for western but to be honest the loser is Russia bc western side wont investing to Russia and it's hard for other countries to investing big money to Russia after they are taking western assets.. Business needs safe haven and Russia is losing the so called safe haven by taking western assets.. 😂😂😂
@@verttikoo2052 They're just right all of the loses off. They had to have known they could lose everything in the Evil Empire just by doing business there, so I doubt this is a shock to any of them.
Generally never invest in countries with dictators and especially "for life" dictators, they will spend all their citizens money, all the corporate money and all your money on their ideology!?!
I don't feel sorry for these German companies, they chose to stay and operate in Russia to maximize profit instead of ethics and were too selfish and shortsighted to anticipate risk.
I agree. The Germans and French especially have seemed willing to look the other way when it comes to the evil nature of Russia, Iran, ect. and have been able to bear with ease the moral cost of doing business with such regimes. But, you can see how they were able to convince themselves that their activities were more good than bad. "Well, we'll make money, right? And our efforts will increase Russia's ability to liquefy and export natural gas, much of which will go to Germany. Also, by increasing the amount of gas that reaches the market, prices should fall, which helps Germany again. Besides, if we don't do the job then one of our rival will do it -- and in the battle for business survival unpleasant things must be done to stay alive and not be eaten." Etc...
You should take a look at which companies are still active in Russia. Even American companies like Philip Morris and Pepsi still earn billions in Russia.
Living under successive authoritarian regimes, from the Czars, to the Communists, to the Oligarchs has hurt the average Russian much more. They're politically apathetic serfs who live with their heads in the sand, and do or believe whatever whomever is in power tells them to do and believe. That mindset is their biggest enemy, not NATO or America.
This exodus will last FAR beyond Putin's reign. Nobody will trust Ruzzia ever again. It will become an isolated, third-world hermit kingdom, just like NoKo and the most poverty-stricken countries in Africa. All because of Putin. The fallout is just beginning. Five years from now it will be unrecognizable.
@@PABCOM1 actually, Putin has beaten up the Russian economy so bad that it probably will be a good high risk, high return emerging market in 10 or more years.
This is a simple tit for tat move by Russia but the real question is why these companies were still doing business there more than two years after sanctions were levied. No sympathy for them but amusing that Russia is tightening the sanctions all by themselves and forcing non compliant western companies to fall in line. Good job Putin !
So far the West has only frozen Russian state assets but not actually seized them. By seizing assets even of companies that still want to do business with Russia, Putin destroys any chances that Western companies will ever invest in Russia again. This decision will haunt Russia for a long time, even if Putin is gone.
At the start of the war, I was tutoring English online to a few Russians (Moscow and St. Petersburg). One student, with a family- spouse and 2 daughters- cried during our last session. He commented that his daughters will not see the Russia he has experienced. And it will not return for 50 years. Putin's Russia has lost the trust of the entire world.
@@jackjuliekliever8922 If Putin has a unfortunate accident, you'll still have the oligarchs, the siloviks, the politburo (who survived the *last* collapse) and countless other parasites that enrich themselves at the expense of hard working Russians.
So what were the banks still doing in Russia anyways? If they had already budgeted for the loss, why not just walk away? Glad to hear about those other companies being nationalized. They should have left years ago. I hope other companies still operating in Russian can take the hint.
@@StPiter111 How do you know the future ? There is also a difference between opening a business, visiting, and doing business with people in Russia. Also looking into it, it is not businessmen, just total number of people which are defintely not all businessmen. Just a lot of representatives and members of delegations from renowned people like, the talibans...
@@ponytoast1231 The Russian market is huge, it's not Ukraine or Romania😅 There are a lot of cheap resources here too. 🙂 You can defeat capitalistic Russia as our profit is only our ideology. We aren't naive Soviets😎
Chinese made a deliberte effort of not renewing operating licences to foreign owned companies, forcing them to abandon their infra structure they built in china, thinking the chinese would take over these companies and they did, running those companies into the ground.
We have to remember that the EU did the plans to build LNG terminals around the Union 2014 just in case. This happened after the Ruzzia annexed the Crimea. When the Ruzzia attacked the Ukraine the EU built 42 LNG terminals around the continent in less than 12 months.
1st - Russia will retool the heater/frig/washer manufacturing facilities for military purposes. 2nd - China is already using the huge pipeline project to further strong-arm Russia into basically giving it Russian oil @cost, once/if the project is completed. 3rd - Why is Russia still allowed any positions in the U.N.?
I semi-agree with you except for the retool part... More than likely it's going to be given to one of his cronies who's main job is going to be to strip the assets of anything of value, plunder it basically, and then it's going to be abandoned. They'll be very interesting photographs in about 10 years of these abandoned buildings from some Instagram influencer in a gas mask outfit
Let's hope they grab Pepsi, Mars, Nestlie, Proctor & Gamble, Mondelez (Oreo), and Unilever...they have been classified by SAS as "international sponsors of the war."
@@aleckerby1236 Sequestration, it has not been redistributed yet. Because the West, despite what vatniks scream from the rooftops, try to follow the laws they've set up. While unserious actors like Russia try to subvert those laws for their own benefit.
A constitutional state and credibility vis-à-vis investors. Russia's reputation among investors can hardly sink any lower. In this respect, the Putin regime has nothing more to lose by stealing foreign assets.
well, the Russian China pipeline been built has stopped because of some stuff up about who's paying for it and pricing of the fuel price. Here, that news is about 3 days old.
Instead of producing metal compartments for washing mashines and boilers I guess that they transform their production to metal containers for military products. Additionally, they may have only read Bosch and Siemens and thought "german top brands - take them" and maybe have thought to find something of worth in their documentations (they won't). Bosch may only be interesting if they produced automotive parts or tools that are suitable for construction sites or in specific workshops.
I believe most of these top brands were not much more than assembly houses. All the good stuff (components and parts) was shipped in. R&D and product development is all very much kept in house (in Germany).
What difference does it make if Russia seizes assets, as soon as it wears out or breaks Russia can't fix it. It's a short term, short sighted gain that will stop any future investors in Russia.
I do find it interesting that the two German Banks used the UK courts rather than German or other EU courts. I'd love to know why this is. I've also noted that rich American couples have used UK courts to decide divorce preceding's when they live in the USA. Again, why?
Doing business in a mafia state must be seen as high-risk. Volvo sold 1,000 luxury cars to North Korea 50 years ago. They are still waiting for payment…
01:40 Linde is not Linda. Both are pronounced very differently in German. "Lime tree" is the english term for the German word "Linde". The name "Linda" is the same in German and english.
Ok so Gasprom took over a plant that they do not posses the skill or infrastructure to maintain. Further, Linde has to use proprietary software for their process automation engineering. What’s stopping them from taking their software with them rendering the plant even more useless.
For the next 10 or 20 years, no foreign company, not even companies from China or India or state institutions, will invest their own money in Russia. The risk is certainly too great that the Russian government will confiscate the assets of these foreign companies at some point in the future, against all international law. With regard to the planned gas pipeline to China, there is now an official statement from both countries that the negotiations, which have been going on for over seven years, are not making any progress at the moment. China is allegedly demanding that Russia finances this pipeline itself and is also demanding a very long-term contract on very favorable terms. Only Russia has neither the money for a pipeline over 4000 kilometers long, nor the necessary technology. Therefore, this pipeline will certainly not be built in the next 10 or rather 20 years.
I remember when the Soviet Union collapsed and everybody in the West was talking of 'importing Democracy' in the form of Investments. At the time there was talk of instability and losing those investments but it was the 'new' thing and everybody signed on. When things settle down I'm sure there will be people who will want to work with Ruzzia again but I doubt many will. Ruzzia is 'burning bridges' like there's no tomorrow and tomorrow is going to bite them where it hurts. It couldn't happen to more deserving people. As far as LNG goes there will always be Africa and all the Outback and Rustic communities who can't do nuclear but need convenient cooking, light and heat. I've even seen propane powered refrigerators in backwoods cabins! It's much easier than solar and we still need decent batteries.
I think that it's a bit like this- You might have all the gold underground, but it's valueless without mining equipment. And Russia can't design and build the "mining equipment".
Linde in German means the tree species Tilia cordata. "Unter den Linden" is a famous street in Berlin. I believe the tree species' name is almost the same in English.
Linde fused and moved their HQ to Ireland. They fused with Praxair, which used to be Linde until it was seized in WW1. So they kinda put the pieces back together :)
As far as I am concerned this is very good news. Any company that has stayed in Russia as if nothing has happened they should loose everything. Not just in Russia but everywhere . I do understand chasing after money and not losing any of the investment that they have put in but there are very deep moral issues here. I think all companies that want to carry on in Russia should loose everything and be boycotted out side of Russia no matter where they are.
23:23 The man with the hammer (and sickle) is coming for Unilever. They are still pro-Russian, but I wonder what their stance is after they've been robbed blind.
The spelling "linde" had three .. no four.. possible pronunciations so that's not very helpful to me. "Līnd", (silent "e") "Lînd" (i.e. lend) (silent "e") "Līnd ee", (long "e") "Lînd ee" (i.e. lend) (long "e") "Līnd eh", (short "e") "Lînd eh" (lend) (short "e") Oh and a weak "e" version with "uh". Joe is using "Lend uh" or "Lend eh".
All western companies should have left Russia over 2 years ago, but being greedy hadn’t been good for you. Was it really worth it Italy and Germany 🤔🤦🏻♂️🤷
It begs the question, what value are those assets to the Russian state. They could have a paper value, but unless it is cash assets, it may only be property or facilities, which all require maintaining. If companies like Ariston can no longer get supplies to continue manufacturing, they will gradually be forced to shut down and it's workforce become unemployed, unless it is converted to war supplies. It has been reported that there is a labour shortage in Russia so workers may just find jobs elsewhere, but if Putin dictates, they could just be conscripted. It all sounds like a petulant knee jerk reaction to financial confiscations from western authorities, be that as it may, the growing isolation that Putin is apparently indifferent to, can only lead to social seclusion, fed only by Kremlin selected information. I suppose the fact remains, how much longer Putin can convince the population that all ills are the fault of the west, but his pre election utopian promises are not meeting reality, so people may start to question if Putin really does know what he is doing, as previously assumed.
Any western companies should've left already. Shame on them.
Greed doesn't know shame.
Exactly.. no sympathy for them at all
Yeah, why did they wait for so long. They know Putin lsnt just a terrorist but a thief as well.
They should be put on trial for supporting russia's war effort.
Thats pure BS from your side..they did partial seize just to show west that there will be consequences if usa tries to block russian money and use it to sponsor weapon production for ukraine...Nato aproximetly seized around 300 bilion of russian money and russians can retaliate with around 160 bill
No Western company will ever invest in Russia again now. RIP Russia.
Memories of financial markets tend to be short.
Compare how many times Argentina managed to go bankrupt and still borrow again.
forever is a long time. I'm sure some companies will try again 20-30 years from now...
@@thegreatdane3627would you?
The Russians with skills will exit to fruitful futures. Putins Regine is on life support. It's looking grim for the Orcs
The Russian market is one Death fthe biggest in Europe. Besides, everything is made in China these days 🤓
Companies that haven't left yet get very little sympathy from me.
Linde has to be punished - trust me.
Ecco shoes.
Boycott Mondelez friends 👍
Most of us have already heard about it, but have a look at the list from Jeffrey Sonnenfeld and his team at Yale tracking companies still doing business in Russia. They keep it updated regularly. These companies value profit over justice, freedom, and human life and help funding russian aggression with the taxes they pay in Russia.
Auchan supermarkets.
Leroy Merlin hardware outlets (like home depot).
Without these two, Russians would really really struggle. They're still there...
Its inevitable that all western firms will lose their assets in Russia....
Lol 😆 who would want radio active broken shops?
The losses are big for western but to be honest the loser is Russia bc western side wont investing to Russia and it's hard for other countries to investing big money to Russia after they are taking western assets.. Business needs safe haven and Russia is losing the so called safe haven by taking western assets.. 😂😂😂
Now yes and at the end Ruzzia will pay everything with interest.
@@verttikoo2052 i hope so .....
@@verttikoo2052 They're just right all of the loses off. They had to have known they could lose everything in the Evil Empire just by doing business there, so I doubt this is a shock to any of them.
Fine !! All the more reason to give Russia's sanctioned funds to UKRAINE !!!
👍👏👏👏👏👏👏👏👏👏👏👏
exactly...why why do we need to follow the rules..take the santctioned funds..no brainer
Exactly, if they do it, they shouldn´t complain if we do the same.
that would be epic asf
I have to agree with this.
You are now unable to operate a company in Russia for fear of it being taken over.
Sad.
Take care all M.
Russia gave up on international law in 2014 and completely ostracized itself in 2022.
You are coupe supporter From the West, Like Iraq Libya Vietnam etc
@@moderntimes123 You're an illiterate stooge for Putin. Stop polluting the discussion with this "coupe [sic]...from the West" bit of propaganda.
@@moderntimes123 I support Audi Quattro coupe.
@@raivisb326I miss old school sporty coupes like that
Iraq war? Libya?
No one should be trading with Russia
or china
But in fact, Russia has BRICS+ countries, Cuba, and North Korea to trade with.
All I can say is they knew it was coming and choose to keep their $ in Russia after not only 2014 but 2022. Well done ...
Persistent 📈 growth is a requirement of capitalism, which means there's a race to the bottom.
The message is clear: NEVER invest in Ruzzia.
Generally never invest in countries with dictators and especially "for life" dictators, they will spend all their citizens money, all the corporate money and all your money on their ideology!?!
Why invest in rossia when Ukraine is right next door and WANTS to have a normal relationship with the rest of the world?
Ownership in dictatorship countries is but an illusion.
NEVER invest in Ruzzia and Chingna
What we are seeing is the arse falling out of the Kremlin.
I don't feel sorry for these German companies, they chose to stay and operate in Russia to maximize profit instead of ethics and were too selfish and shortsighted to anticipate risk.
I agree. The Germans and French especially have seemed willing to look the other way when it comes to the evil nature of Russia, Iran, ect. and have been able to bear with ease the moral cost of doing business with such regimes. But, you can see how they were able to convince themselves that their activities were more good than bad. "Well, we'll make money, right? And our efforts will increase Russia's ability to liquefy and export natural gas, much of which will go to Germany. Also, by increasing the amount of gas that reaches the market, prices should fall, which helps Germany again. Besides, if we don't do the job then one of our rival will do it -- and in the battle for business survival unpleasant things must be done to stay alive and not be eaten." Etc...
Linde has a German name but most shareholders are fro. USA.
Here here
@@maritaschweizer1117 They'll have good cause to sue their Boards of Directors.
You should take a look at which companies are still active in Russia. Even American companies like Philip Morris and Pepsi still earn billions in Russia.
Ah yes, all according to the special economy tactics. Well played Putler
you mean POOtin ?
Putler is taking economic lessons from Xi Jinping Ding-a-Ling brilliant old farts🤣
The civilized worlds was soooo concerned over seizing ruzzia's assets. I thought that was naive- ruzzians never follow the rules.
Feel no sorry about those that have their assets taken in russia, they shouldn't have been there in the first place
As long as Putin is in charge of Russia there will never be meaningful investment from the West. And this hurts the average Russian people.
Perceptive
Under poo tin or after poo tin, ruSSia will stay the same.
Living under successive authoritarian regimes, from the Czars, to the Communists, to the Oligarchs has hurt the average Russian much more. They're politically apathetic serfs who live with their heads in the sand, and do or believe whatever whomever is in power tells them to do and believe. That mindset is their biggest enemy, not NATO or America.
@@Catzilla931: Sarcastic and Pedantic!!
This exodus will last FAR beyond Putin's reign. Nobody will trust Ruzzia ever again. It will become an isolated, third-world hermit kingdom, just like NoKo and the most poverty-stricken countries in Africa. All because of Putin. The fallout is just beginning. Five years from now it will be unrecognizable.
Any of those "invest into BRICS markets" people here? Because this is why you don't.
Are those BRICS guys still trying to say the American dollar is collapsing and the Ruble is the future?
Odd brand of comedy those BRICS salesman...
Floats like a bric...
Well investing in Russia is kinda like investing in Bitcoin
Huge promises of returns
but once the money left ur pocket, the money is gone forever
Shouldn't we call it BICS now?
@@PABCOM1 actually, Putin has beaten up the Russian economy so bad that it probably will be a good high risk, high return emerging market in 10 or more years.
This is a simple tit for tat move by Russia but the real question is why these companies were still doing business there more than two years after sanctions were levied. No sympathy for them but amusing that Russia is tightening the sanctions all by themselves and forcing non compliant western companies to fall in line. Good job Putin !
Not exactly tit for tat. The West seized state assets, Russia seized Western investments I think
They were't sweeping sanctions. Many businesses/industries were & still are exempt
Putin is a master strategist. lol
So far the West has only frozen Russian state assets but not actually seized them.
By seizing assets even of companies that still want to do business with Russia, Putin destroys any chances that Western companies will ever invest in Russia again.
This decision will haunt Russia for a long time, even if Putin is gone.
@@Shawn-ky2tw my favourite comment, lol!
At the start of the war, I was tutoring English online to a few Russians (Moscow and St. Petersburg). One student, with a family- spouse and 2 daughters- cried during our last session. He commented that his daughters will not see the Russia he has experienced. And it will not return for 50 years. Putin's Russia has lost the trust of the entire world.
Maybe if he is overthrown? But who knows if his replacement will be better.
@@jackjuliekliever8922 If Putin has a unfortunate accident, you'll still have the oligarchs, the siloviks, the politburo (who survived the *last* collapse) and countless other parasites that enrich themselves at the expense of hard working Russians.
So what were the banks still doing in Russia anyways? If they had already budgeted for the loss, why not just walk away?
Glad to hear about those other companies being nationalized. They should have left years ago. I hope other companies still operating in Russian can take the hint.
I fucking love how everyone who thinks, "The leopards will never eat *my* face," finds that eventually the leopards will eat their face.
I’m sure everyone is going to love opening up a company in Russia in the future
The same risk apply in China which is why another group of manufacturing companies leave China every time China threatens taiwan.
Exactly, how many decades will Russia be a isolated, pariah state? Good Job Vlad
12000 businessmen and politicians from 128 countries will visit Saint-Petersburg international economic forum this year 😁
@@StPiter111 How do you know the future ? There is also a difference between opening a business, visiting, and doing business with people in Russia. Also looking into it, it is not businessmen, just total number of people which are defintely not all businessmen. Just a lot of representatives and members of delegations from renowned people like, the talibans...
@@ponytoast1231 The Russian market is huge, it's not Ukraine or Romania😅
There are a lot of cheap resources here too. 🙂
You can defeat capitalistic Russia as our profit is only our ideology. We aren't naive Soviets😎
Why is Linda Lovelace not on this list!!!
Great comment, I loved that.
Linda Lusardi
Linda Evans?
Linda Evangelista?
That's ruff.
What did Machiavelli say about starting wars ? 😂
The war is lost and punk Putler ❄️ can't stop digging 😂
They ran out of Ukrainian washing machines to steal, so they nationalized the company.
i mean no western company was ever gonna invest again anyway so might aswell seize what’s left
Time to dish out the 300 billion to make up for Russias disregard of international law
If Europe dishes out Russian 300B then they too are disregarding international law.
Linda and Linde are as equal amongst each other as butter and batter.
He's all glassy-eyed. I wouldn't put much thought into it.
It certainly is an interesting economic strategy, make your country a hostile investment environment. Even the Chinese might think twice.
Do the Chinese think once? They have plaid 💩 tin all the way like Hitler did to starlin.
Chinese made a deliberte effort of not renewing operating licences to foreign owned companies, forcing them to abandon their infra structure they built in china, thinking the chinese would take over these companies and they did, running those companies into the ground.
I think the Chinese are happily exporting washing mashines and boilers now into their new fiefdom
@@Bareego Yes, but setting up a washing machine factory in that fiefdom?
The companys that stayed ,you can keep them.
Keep up the good work! 👍
We have to remember that the EU did the plans to build LNG terminals around the Union 2014 just in case. This happened after the Ruzzia annexed the Crimea. When the Ruzzia attacked the Ukraine the EU built 42 LNG terminals around the continent in less than 12 months.
Thanks Joe!
The companies' seized will be abandoned in the next couple of years because there will not be the parts/tech/ability to repair
.....this is the slow burn......a long, drawn-out schadenfreude ........ as the country circles the drain .......
They are buying knock-off spare parts made in China. 🙃🤣
1st - Russia will retool the heater/frig/washer manufacturing facilities for military purposes.
2nd - China is already using the huge pipeline project to further strong-arm Russia into basically giving it Russian oil @cost, once/if the project is completed.
3rd - Why is Russia still allowed any positions in the U.N.?
I semi-agree with you except for the retool part... More than likely it's going to be given to one of his cronies who's main job is going to be to strip the assets of anything of value, plunder it basically, and then it's going to be abandoned. They'll be very interesting photographs in about 10 years of these abandoned buildings from some Instagram influencer in a gas mask outfit
Thanks for posting this video
I'd be worried if I were a western toilet manufacturer still in Russia right about now.
Nothing will ever top Russia's nationalisation of McDonalds.
Peak Chadimir Putin.
ah yes, the tasty period
Let's hope they grab Pepsi, Mars, Nestlie, Proctor & Gamble, Mondelez (Oreo), and Unilever...they have been classified by SAS as "international sponsors of the war."
What is there to grab? Empty cans? Its the technology that matters and that cant be "seized"
@@nikosatsaves3141 Will it force Ruzzia capitulate if it runs out of western toothpaste?
Who wants to go work there as a foreigner? You risk being snatched up as a hostage on “Trumped” up charges. Pun intended.
There's always someone stupid.
You’re speaking ‘Bidenese.’ Another lib that knows nothing and supports Biden. The biggest traitor since Benedict Arnold.
@@ettoreatalan8303yes and we all know who that is, can you guess who.
Thanks Joe for all of your awesome news updates I really appreciate you a lot! I’m always watching you from the USA 😊
Was waiting for a graph showing the rise and fall of the popularity of the name Linda.... nice light hearted sidetrack
And whats stopping us from taking theirs again?
All ready took it.
We have all of it 🤣
sounds like tit for tat
@@aleckerby1236 Sequestration, it has not been redistributed yet. Because the West, despite what vatniks scream from the rooftops, try to follow the laws they've set up. While unserious actors like Russia try to subvert those laws for their own benefit.
A constitutional state and credibility vis-à-vis investors. Russia's reputation among investors can hardly sink any lower. In this respect, the Putin regime has nothing more to lose by stealing foreign assets.
well, the Russian China pipeline been built has stopped because of some stuff up about who's paying for it and pricing of the fuel price. Here, that news is about 3 days old.
Thanks Joe!👍
I don’t do facts and figures Joe,but I could listen to you all day 👍🇺🇦🇬🇧
Thanks 👍
ruzzia is more and more desperate...😅
Instead of producing metal compartments for washing mashines and boilers I guess that they transform their production to metal containers for military products.
Additionally, they may have only read Bosch and Siemens and thought "german top brands - take them" and maybe have thought to find something of worth in their documentations (they won't).
Bosch may only be interesting if they produced automotive parts or tools that are suitable for construction sites or in specific workshops.
I believe most of these top brands were not much more than assembly houses.
All the good stuff (components and parts) was shipped in. R&D and product development is all very much kept in house (in Germany).
What difference does it make if Russia seizes assets, as soon as it wears out or breaks Russia can't fix it.
It's a short term, short sighted gain that will stop any future investors in Russia.
Russia can build nuclear reactors but somehow they cant carry out basic repairs makes zero sense lol
Same as what Venezuela had done when sanctions were imposed.
UK court should give the banks Gazprom assets to compensate for the assets Russia took
I do find it interesting that the two German Banks used the UK courts rather than German or other EU courts.
I'd love to know why this is.
I've also noted that rich American couples have used UK courts to decide divorce preceding's when they live in the USA.
Again, why?
Always look forward to your analysis ! Thank you for sharing !
Linda Lovelace was quite popular.
So was Linda Lusardi. I’m furious 😡
I was a little surprised she wasn't on Joe's list.
@@robinireland810what was she famous for?
@@macmcleod1188 earth shatteringly fantastic tits, as regularly displayed on Page 3 of UK’s gutter press.
Worth every feminist’s rant.
Linda Lewis ❤
Since those companies decided to stay in Russia after the war in Ukraine, then they deserve to loose everything.
Doing business in a mafia state must be seen as high-risk. Volvo sold 1,000 luxury cars to North Korea 50 years ago. They are still waiting for payment…
Nice cars.
If Trump wins, the US will be a mafia state and billionaires will be falling out of high windows.
Should have heed the government warning and pull out. A price to pay for greed.
Linda Carter
Great Channel. Your News is very important.
The name of thecompany is Linde. Not Linda.
No german or spanish speaking persona would ever confound Linde (also the name of a tree) with the spanish name Linda.
Russia is cutting off it's nose. Who would deal with Russia in the future knowing that your investment and assets are likely to be seized
01:40 Linde is not Linda. Both are pronounced very differently in German.
"Lime tree" is the english term for the German word "Linde".
The name "Linda" is the same in German and english.
Gee it's so surprising that a dictatorship would arbitrarily seize something... Not
Ok so Gasprom took over a plant that they do not posses the skill or infrastructure to maintain. Further, Linde has to use proprietary software for their process automation engineering. What’s stopping them from taking their software with them rendering the plant even more useless.
For the next 10 or 20 years, no foreign company, not even companies from China or India or state institutions, will invest their own money in Russia. The risk is certainly too great that the Russian government will confiscate the assets of these foreign companies at some point in the future, against all international law.
With regard to the planned gas pipeline to China, there is now an official statement from both countries that the negotiations, which have been going on for over seven years, are not making any progress at the moment. China is allegedly demanding that Russia finances this pipeline itself and is also demanding a very long-term contract on very favorable terms. Only Russia has neither the money for a pipeline over 4000 kilometers long, nor the necessary technology. Therefore, this pipeline will certainly not be built in the next 10 or rather 20 years.
What'sost important right now, is that this pipeline will not help russian economy for the duration of this war.
I remember when the Soviet Union collapsed and everybody in the West was talking of 'importing Democracy' in the form of Investments. At the time there was talk of instability and losing those investments but it was the 'new' thing and everybody signed on.
When things settle down I'm sure there will be people who will want to work with Ruzzia again but I doubt many will. Ruzzia is 'burning bridges' like there's no tomorrow and tomorrow is going to bite them where it hurts. It couldn't happen to more deserving people.
As far as LNG goes there will always be Africa and all the Outback and Rustic communities who can't do nuclear but need convenient cooking, light and heat. I've even seen propane powered refrigerators in backwoods cabins! It's much easier than solar and we still need decent batteries.
Should come as no surprise that Russia ignored international verdicts.
I mean they've done it for years, especially now since 2022.
I think that it's a bit like this- You might have all the gold underground, but it's valueless without mining equipment.
And Russia can't design and build the "mining equipment".
Seizure of Russian assets at sea is now likely so they become subject to “Rules of Mark” and seizure including ships transporting the asset.
will we see governments handing out letters of marqs.
@@grandgibbon2071 essentially courts
Serves em right, blinded by greed and oblivious to what Russia is
Ukraine: LNG plants, check. Where are they?
Ukraine is connected to its Western neighbors by bidirectional pipelines. Thus gas can be piped to Ukraine from Polish LNG terminals
You always put a smile on my face.. 🙂🇺🇦🇺🇦🇺🇦
Linde in German means the tree species Tilia cordata. "Unter den Linden" is a famous street in Berlin. I believe the tree species' name is almost the same in English.
Joe, you are doing a great job!
Jo or Joe, big difference, so is Linde or Linda, just different names…
This might explain why Germany has lifted restrictions on the use of their weapons in Ukraine/Russia war!
It‘s Linde, not Linda.
Thank you for that. Had no idea who Linda Ronstadt was.....
Learn something every day
Russia and International law??🤣 Red Cross is not even allowed to visit Ukraine's POW.
Best part of my morning! Love ya bro, keep up the good work!
LINDA LUSARDI. You forgot Linda Lusardi!!
Goddamnit Blogs! We’re at war here and you forgot Linda Lusardi!!
Yep a great pin up for the troops,
Ya, Im with u there, ur rite to be angry... lol 😂😂😂
Linde fused and moved their HQ to Ireland. They fused with Praxair, which used to be Linde until it was seized in WW1. So they kinda put the pieces back together :)
Linda Carter / Wonder Woman.
As far as I am concerned this is very good news. Any company that has stayed in Russia as if nothing has happened they should loose everything. Not just in Russia but everywhere . I do understand chasing after money and not losing any of the investment that they have put in but there are very deep moral issues here. I think all companies that want to carry on in Russia should loose everything and be boycotted out side of Russia no matter where they are.
Yay! Tucson 🌵🌼🌸🌼🌵Arizona Native Linda Ronstadt! 💕💖 . Stay out of Russia, Linde, they’re bad company.
I thought Germans were smarter than that.
At what point did they think doing business with Putinsky was a good idea?
greed
I bet there are more US companies in Russia than German...
"Oops", is always too late, and most often there isn't enough time to say it...
Im at the start of the video and bracing myself to hear "wartime economy" 32 times lol
All companies should learn something from this with regard to China and other autocracies, and the states of the respective companies as well.
They stayed in Russia? Oh dear, never mind.
Should accelerate the full transfer of the frozen assets to Ukraine
23:23 The man with the hammer (and sickle) is coming for Unilever. They are still pro-Russian, but I wonder what their stance is after they've been robbed blind.
Linde is the company's name, that's Lindentree in englisch, not Linda...
With oil down and OPEC getting ready to pump more, now is the time to help russia cut the oil addiction.
Oil is down? Wouldn't know it by pump pricea
Australia// Thanks Joe. Love your work, found you recently through Jake Broe. Cheers from Sth OZ.
Linde with e it is a huge difference
Should we really be surprised at Russia stealing washing machines? Also Lynda Carter.
It is called Linde not Linda
approximate phonetics
He knows this 😏😏😏
Linde = Lime or linden tree in German
The spelling "linde" had three .. no four.. possible pronunciations so that's not very helpful to me.
"Līnd", (silent "e")
"Lînd" (i.e. lend) (silent "e")
"Līnd ee", (long "e")
"Lînd ee" (i.e. lend) (long "e")
"Līnd eh", (short "e")
"Lînd eh" (lend) (short "e")
Oh and a weak "e" version with "uh".
Joe is using "Lend uh" or "Lend eh".
It is Linde not linda, linde is A tree, keep to economics Joe hahahaha😁
This was a detailed, informative, well-thought out episode. Warmest compliments. Thank you, sir. :)
All western companies should have left Russia over 2 years ago, but being greedy hadn’t been good for you.
Was it really worth it Italy and Germany 🤔🤦🏻♂️🤷
You'd be surprised how many companies carried on in Russia.....profits over over morality
Russia is a huge market 😁
They stopped operations, but were tied up in the courts for most of the last 2 years...
@@kaythegardener I like my Merc, and my cat loves Purina's food😁
Great video
It begs the question, what value are those assets to the Russian state. They could have a paper value, but unless it is cash assets, it may only be property or facilities, which all require maintaining. If companies like Ariston can no longer get supplies to continue manufacturing, they will gradually be forced to shut down and it's workforce become unemployed, unless it is converted to war supplies. It has been reported that there is a labour shortage in Russia so workers may just find jobs elsewhere, but if Putin dictates, they could just be conscripted. It all sounds like a petulant knee jerk reaction to financial confiscations from western authorities, be that as it may, the growing isolation that Putin is apparently indifferent to, can only lead to social seclusion, fed only by Kremlin selected information. I suppose the fact remains, how much longer Putin can convince the population that all ills are the fault of the west, but his pre election utopian promises are not meeting reality, so people may start to question if Putin really does know what he is doing, as previously assumed.