“Don’t take us back to 1917,” said the richest Russian and the largest shareholder in mining giant Norilsk Nickel Vladimir Potanin, Vladimir Putin’s government. According to him, the confiscation of the property of Western companies, which left the Russian market due to the invasion of Ukraine, would throw the country back 100 years, when the Bolsheviks took a similar step after the Great October Revolution. CNN drew attention to its statement, which was exceptionally critical among Russian oligarchs against the Russian invasion.
Vladimir Potanin, president of the Norilsk Nickel metallurgical conglomerate and also its largest shareholder, points out that By confiscating property from Western companies, the Kremlin would return to the tumultuous post-revolutionary years of the turn of the 1990s and 1920s. It therefore calls on the Russian Government to proceed with extreme caution in confiscation.
“Not only would we return in 1917, but The consequences of this measure – investor distrust in Russia – would be borne decades later“Said Nickel in a statement on the Norilsk website.
Deutsche Bank faces criticism from investors that, unlike others, it remains in Russia
Germany’s largest bank, Deutsche Bank, is facing sharp criticism from some investors and politicians for continuing its operations in Russia, unlike other of the world’s major banks, led by JPMorgan Chase and Goldman Sachs. The bank defends that the departure would be “against its values” and says that it is necessary to further support multinational companies doing business in Russia, Reuters reported.
Western societies will return
He considers Potana’s departure of dozens of large Western multinationals from Russia to be a highly emotional step, to which the management of companies was forced under the pressure of public opinion of Western companies. According to him, most companies will return to Russia. “I personally would give them this opportunity,” he added.
The wealth of the richest Russian has, according to Bloomberg worth around $ 22.5 billion, despite the fact that this year alone due to the fall of shares of Norilsk Nickel lost about a quarter. Even so, he is still the 61st richest person in the world.
London continues to tighten the noose around Putin’s people. Duma members have been added to the sanctions list
Britain is expanding the list of citizens of the Russian Federation who are subject to sanctions. He was joined by 386 members of the Russian State Duma, who voted for the independence of self-proclaimed separatist forces in Luhansk and Donetsk and supported the invasion of Ukraine. This was announced by British Foreign Secretary Liz Truss.
The Russian economy is facing the most serious crisis since the fall of the Soviet Union in 1991. After the Russian invasion of Ukraine, the West imposed severe sanctions on almost the entire Russian financial and corporate sector.
Therefore, on Thursday, Russia decided to ban the export of telecommunications, medical, automotive, agricultural, electrical and technical equipment. Specifically, it added more than 200 items to the export suspension list.
The journey of the Russians to the West now leads through Serbia. It does not address ticket prices
The Serbian government’s neutral stance on the Russian invasion of Ukraine has made Belgrade a gateway to the West. In the last two weeks alone, demand has risen by 50 percent between Russia and Serbia, according to Bloomberg.
The Russians want to confiscate property
Prime Minister Mikhail Mishustin said the ban would cover the export of goods to foreign companies operating in Russia. “These measures are a logical response to the measures taken against Russia and are aimed at ensuring the smooth functioning of key sectors of the economy,” the Ministry of Economy said. The sanctions will affect 48 countries, including the United States and the European Union.
The Kremlin is also dealing with the nationalization of the assets of Western companies operating in Russia or the interruption of supplies of some raw materials.
Putin has banned the export of two hundred products and is preparing to nationalize branches of foreign companies
Russia will impose retaliatory sanctions on the West. It prohibits the export of telecommunications, medical, automotive, agricultural, electrical and technical equipment. It added more than 200 items to the export suspension list. The Kremlin is also dealing with the nationalization of the assets of Western companies operating in Russia or the interruption of supplies of some raw materials.
“We are actively working on measures that include the nationalization of property,” former Russian president and current deputy chairman of Russia’s Security Council Dmitry Medvedev wrote on VKontakte on Thursday.
Kremlin first on the possibility of nationalizing the assets of foreign companies began speaking in response to the decision to close Russian branches by the management of the furniture chain Ikea or McDonald’s a few days ago. The Ministry of Economy also plans to take control of companies with a share of more than 25 percent in the hands of “hostile” countries.
Wall Street giants Goldman Sachs and JPMorgan Chase will withdraw from Russia
We are ending all our activities in Russia, Goldman Sachs Group announced. This is the first banking giant on Wall Street to leave the country due to the Russian invasion of Ukraine, Bloomberg warns. The largest American bank JPMorgan Chase has also decided to end its activities, the CNBC server added on Thursday evening.
In the past, Putin got along very well with the Russian oligarchs and let them do business, saying that, with few exceptions, they did not get involved in politics. Critical voices from the richest Russians are so slow. The war in Ukraine is tragic and should end, the Russian oligarch said just a week after the start of the fighting Michail Fridmanwhich appeared on the European Union’s sanctions list.
In early March, the Russian oil giant called for a speedy end to the war in Ukraine Lukoil. It became the first large Russian company to oppose the Russian invasion of Ukraine, the AFP agency wrote at the time.
>>>>> Read all about the Russian invasion of Ukraine here
The British imposed sanctions on Russian oligarchs Roman Abramovich and Oleg Deripaska
Well-known Russian oligarchs have frozen British assets, they are not allowed to trade with British companies or individuals, they are forbidden to travel, writes the Bloomberg agency.
EU long sanctions list: Almost 900 Russians, 50 entities
The states of the European Union have agreed to impose further sanctions due to the Russian aggression in Ukraine. The names of 160 Russian politicians and oligarchs, including the head of Aeroflot and the son-in-law of Russian Foreign Minister Sergei Lavrov, will now appear on the sanctions list. The Union will also extend the exclusion from the international payment system SWIFT to Belarusian banks. This was announced by the European Commission. After several previous waves of sanctions, EU measures will apply to 862 Russian officials and 53 entities.
Putin tightens. It will cut off the supply of some commodities
Russian President Vladimir Putin has issued an order to cut off supplies of certain types of goods and raw materials to the West. It is not clear what the Russian sanctions will be about. The Russian government will now discuss this. The Kremlin should announce the result within two days, Bloomberg warns.
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