Russia impounds Goldman Sachs assets worth 36 million dollars

[Estro Felino]

Russian Court Freezes $36 Million in Goldman Sachs’s Assets

A Russian court froze shares of companies worth around $36 million owned by Goldman Sachs Group Inc. after Otkritie Bank claimed it refused to honor a swap contract due to sanctions over the war in Ukraine.

www.bloomberg.com

Now I understand why certain banking and financial élites profoundly hate Putin and his entourage.


They demand to do their activities in Russia too..

 

[Terrywoodenpic]

Assets are always vulnerable to freezing during time of war.
lucky that it is only $36 million., which is peanuts in relation to the size of Goldman Sachs.
I would be surprised if the USA has not frozen far more of Russian assets.

 

[Nakosis]

Russian Court Freezes $36 Million in Goldman Sachs’s Assets

A Russian court froze shares of companies worth around $36 million owned by Goldman Sachs Group Inc. after Otkritie Bank claimed it refused to honor a swap contract due to sanctions over the war in Ukraine.

www.bloomberg.com

Now I understand why certain banking and financial élites profoundly hate Putin and his entourage.


They demand to do their activities in Russia too..

Apparently Goldman Sachs has been profiting from Russia's war on Ukraine.

How Goldman Sachs profits from war in Ukraine, loophole in sanctions

 

[Estro Felino]

Assets are always vulnerable to freezing during time of war.
lucky that it is only $36 million., which is peanuts in relation to the size of Goldman Sachs.
I would be surprised if the USA has not frozen far more of Russian assets.

It's not about the economic value.
It's about the reason why certain élites overseas hate the Russian government.

And why this Ukrainian War broke out.

 

[Estro Felino]

Apparently Goldman Sachs has been profiting from Russia's war on Ukraine.

How Goldman Sachs profits from war in Ukraine, loophole in sanctions

So the War is a consequence, not the cause of this economic war....started maybe with Putin's rise to power.

 

[Nakosis]

So the War is a consequence, not the cause of this economic war....started maybe with Putin's rise to power.

There is always someone finding a way to profit from the current situation while having a PR dept to promote their benevolence.

 

[Estro Felino]

There is always someone finding a way to profit from the current situation while having a PR dept to promote their benevolence.

There are certain banking dynasties overseas that consider Russia a gold mine to exploit...and to rob.
So I am wondering how selfless and disinterested the US' commitment to help Zelensky is.

 

[Wandering Monk]

Russian Court Freezes $36 Million in Goldman Sachs’s Assets

A Russian court froze shares of companies worth around $36 million owned by Goldman Sachs Group Inc. after Otkritie Bank claimed it refused to honor a swap contract due to sanctions over the war in Ukraine.

www.bloomberg.com

Now I understand why certain banking and financial élites profoundly hate Putin and his entourage.


They demand to do their activities in Russia too..

The hazards of seeking profits in anti-democratic nations.

 

[Estro Felino]

The hazards of seeking profits in anti-democratic nations.

I think godless élites' financial operations don't belong in a country like Russia.

 

[YmirGF]

Assets are always vulnerable to freezing during time of war.
lucky that it is only $36 million., which is peanuts in relation to the size of Goldman Sachs.
I would be surprised if the USA has not frozen far more of Russian assets.

I'm a bit surprised it took them this long. Putin may be a lot of things, but he is not crazy, and he is far from stupid.

 

[Terrywoodenpic]

It's not about the economic value.
It's about the reason why certain élites overseas hate the Russian government.

And why this Ukrainian War broke out.

The Russians invaded Ukraine . Ask them.

 

[Estro Felino]

The Russians invaded Ukraine . Ask them.

If ask you questions about Victoria Nuland and Poroshenko and what they said in 2014, you will not answer me.
Will you?

So I don't see the point of debating about who started the war.

 

[Revoltingest]

I think godless élites' financial operations don't belong in a country like Russia.

Once again, you seem to hate us "godless" folk.
What's wrong with not believing in your or any other gods?

 

[Estro Felino]

Once again, you seem to hate us "godless" folk.
What's wrong with not believing in your or any other gods?

I said élites.
Are you élite?

 

[Revoltingest]

I said élites.
Are you élite?

You also said "godless".
Are godless elites a problem, but not Christian elites?
Or are all elites godless (which would be redundant)?

 

[Estro Felino]

You also said "godless".
Are godless elites a problem, but not Christian elites?
Or are all elites godless (which would be redundant)?

The problem is the adjective godless, then.

You often say that the SCOTUS is filled with Catholic fundies.
Do you think I am offended by the use of Catholic in that context?

No...we Catholics are not a monolith. And because I don't have the tail of straw.
So...you can say that.

But I want to have the right to use the term godless, as well. No double standards.

 

[Revoltingest]

You often say that the SCOTUS is filled with Catholic fundies.
Do you think I am offended by the use of Catholic in that context?

That's not about giving or taking offense.
It's about 6 of the 9 judges belonging to a religion
with a particular agenda set by the Pope.

No...we Catholics are not a monolith. And because I don't have the tail of straw.
So...you can say that.

Nonetheless, Catholics share many beliefs,
eg, tendency to oppose abortion, even for
non-Catholics.

But I want to have the right to use the term godless, as well. No double standards.

You have the right to use "godless", "atheist", "apostate",
"non-believer", "heathen", etc, etc. That's not the issue.
It's about why the group is chosen for criticism.
I've given my reasons for criticizing packing SCOTUS
with Catholics. (No atheists allowed on SCOTUS.)
You're not answering my questions about dissing
godless folk.

 

[Estro Felino]

That's not about giving or taking offense.
It's about 6 of the 9 judges belonging to a religion
with a particular agenda set by the Pope.

Again: not all Catholics are against abortion, so I don't see why I should feel offended, since I am not for abolishing abortion.

Nonetheless, Catholics share many beliefs,
eg, tendency to oppose abortion, even for
non-Catholics.

Godless people, as well, harm economy because of their greed.
And because they have no fear of God.
So believers undergo the consequences of their decisions too.

You have the right to use "godless", "atheist", "apostate",
"non-believer", "heathen", etc, etc. That's not the issue.
It's about why the group is chosen for criticism.
I've given my reasons for criticizing packing SCOTUS
with Catholics. (No atheists allowed on SCOTUS.)
You're not answering my questions about dissing
godless folk.

I have answered.
Not all godless people are equal.

 

[Shaul]

Russian Court Freezes $36 Million in Goldman Sachs’s Assets

A Russian court froze shares of companies worth around $36 million owned by Goldman Sachs Group Inc. after Otkritie Bank claimed it refused to honor a swap contract due to sanctions over the war in Ukraine.

www.bloomberg.com

Now I understand why certain banking and financial élites profoundly hate Putin and his entourage.


They demand to do their activities in Russia too..

Goldman Sachs has done everything it could to get out of involvement in Russia. They tried to sell this 5% share of the children's book store. But Putin had blocked all foreign companies, such as Goldman Sachs, from completing any sales of assets in Russia without his personal approval in response to Western sanctions. Goldman Sachs couldn't sell this even though it wanted to and tried to do so. In addition it wrote off these assets in its 2022 financial reports as worth $0. Tacit recognition that these assets were out of their control.

 

[Yazata]

I don't think that potentially losing $36 million will bother Goldman Sachs very much. It's just a rounding error to them.

Now I understand why certain banking and financial élites profoundly hate Putin and his entourage.


They demand to do their activities in Russia too..

They want to impose a single world system on the planet. Banking, finance, governance, trade etc. They call it "democracy" and the "rules based order", but of course they and not inferior little voters steer the ship and all the rules are written by them in New York, Washington, Brussels and London, for their own benefit.

Russia is still big enough to matter, especially in the energy and natural resources space. And the Ukraine War and the US/European reaction to it by sanctioning Russia (isolating them from the world system and hopefully bringing Moscow to its knees) is pushing Russia into the waiting arms of China. Together with the BRICS (Brazil, Russia, India, China and South Africa, there's a growing threat of a second Beijing-centric world system emerging with upstart powers writing new rules to suit themselves.