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Putin decrees that all Russian companies MUST remove their listing from foreign stock exchanges.

Discussion in 'Political Opinions & Beliefs' started by 61falcon, Apr 19, 2022.

  1. 61falcon

    61falcon Well-Known Member

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    On April 16 Vlad the Bad Putin signed a decree ordering all Russian companies to remove their listing from any and all foreign stock exchanes. This creates a huge problem for all of his nations billionaires as they will no longer be able to collect foreign currency dividends from depositary receipt programs
     
    61falcon, Apr 19, 2022
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  2. Golem

    Golem Well-Known Member Donor

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    Well... they're billionaires with HIS money. It's the money he worked so hard to steal from the Russian people. So he feels he should have a say on how it should be invested.
     
    Golem, Apr 19, 2022
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  3. 61falcon

    61falcon Well-Known Member

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    Certainly not going to gain Putin friends in the wealth circle of his country.
     
    61falcon, Apr 19, 2022
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  4. 61falcon

    61falcon Well-Known Member

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    The decree requires all de-listing to be completed by May 5,2022.
     
    61falcon, Apr 19, 2022
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  5. 61falcon

    61falcon Well-Known Member

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    This strikes me as an action that will further harm the Russian economy.
     
    61falcon, Apr 19, 2022
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  6. Steve N

    Steve N Well-Known Member Past Donor

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    Does Putin have a death wish?
     
    Steve N, Apr 19, 2022
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  7. 61falcon

    61falcon Well-Known Member

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    Putin isn't doing himself or his country any favors with this edict.
    ​
     
    61falcon, Apr 20, 2022
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  8. stratego

    stratego Well-Known Member

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    This is why I've been saying that sanctions won't work. Guess who are the people who are hurt by this decision by Putin? The same people who were hurt by Biden's sanctions. The pro-West oligarchs. This would speed up the transfer of power from to pro-West oligarchs to the military oligarchs. Putin is consolidating power in the hands of the military and Biden has been doing his dirty work for the past month.
     
    stratego, Apr 20, 2022
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  9. 61falcon

    61falcon Well-Known Member

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    At the rate his military especially in the officer ranks is being killed he seems to be flogging a dead horse.
     
    61falcon, Apr 20, 2022
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  10. stratego

    stratego Well-Known Member

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    It's not the Siloviki who are dying. Only people with no political power.
     
    stratego, Apr 20, 2022
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  11. Vernan89188

    Vernan89188 Well-Known Member

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    Good, who's investing in Russian owned business anyway.
    People clown Biden for being senile, but gdanm talk about scoring a goal for the wrong team.

    He is probably trying to avoid western take overs since any business remaining on the exchange must have tanked anyway. But even with such a savings, who wants anything they got? Have there been any Russian breakthroughs lately? I mean nows the time to snatch up some ownership if so. May be some R&D liquidation possibilities.
     
    Vernan89188, Apr 21, 2022
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  12. 61falcon

    61falcon Well-Known Member

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    They obviously have valuable oil and mining assets which they were selling big time to NATO countries including us.
     
    61falcon, Apr 21, 2022
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  13. fmw

    fmw Well-Known Member

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    I can only conclude that the man isn't in complete control of his senses.
     
    fmw, Apr 21, 2022
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