Russia to seize assests of 59 Companies. Volkswagen, Apple, IKEA, Microsoft, IBM, Shell,

Typical of Russia to nationalize (steal) the assets of companies.

Biden getting his arse handed to him.

You had to expect it.

Tit for tat diplomacy is older than government itself.

We stole the oligarchs' yachts and US firms bailed on Russia. We took their toys and they got billions in assets.

I see the Biden Administration lost at "Let's Make A Deal".

My question is if Russia will have access to the intellectual property of those companies? Could they in theory use their alliance with China to manufacture exact replicas and sell them within Russia without fear of paying royalties and whatnot.

This maybe fitting “play stupid games get stupid results”

Volkswagen, here's your favorite dictator at the laying of the foundation stone for the first Volkswagen plant. Bunch of Nazis (real ones).



Apple,

Oh, shite, they'll close some Apple stores, and oh, shite, Apple will turn off service to millions of Russian iPhones and Apple Macbooks. Who cares?


IKEA, shitty furniture. No loss.

Microsoft - like Apple, Microsoft stores gonna' close.

IBM -

When someone needs their IBM consultant to fix something in their custom SAP cloud servers, too fricking bad.

Shell - might hurt. some.

McDonald’s really, keep 'em. ,

Porsche (see Volkswagon),

H&M - I mean, if no shipments of clothing comes in to Russia, who the frick cares?

For the most part, it seems like the one's who'll really be hurt are the consumers in Russia and the owners of buildings collecting the rent plus the service providers in Russia that made their livelihood off of these businesses.

quote:

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Izvestia

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In Izvestia there is no pravda.

quote:

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Russia’s Economic Development Ministry has already sent the Russian government and the Russian Prosecutor-General’s Office a list of 59 foreign companies that may be nationalized after they “announced the termination of work in Russia [in recent days] without providing guarantees to consumers,” the Russian newspaper Izvestia reported on March 10.

This list includes “Volkswagen, Apple, IKEA, Microsoft, IBM, Shell, McDonald’s, Porsche, H&M and others,” according to Izvestia.

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This was probably all coordinated anyway.

Putin should confirm what we all believe and that the Communists are back in power and that Russia will now be the Soviet Union. The era of the oligarchs is over.