No, the point is that this move undermines western financial system because billionaires all over the world will realize that if they or the government of their country runs afoul of the west, then their assets will be stolen. Meanwhile, freezing and seizing the assets of Russian billionaires amounts to the west doing capital controls for Russia. This would’ve been a very unpopular move if the Russian government imposed such controls, but the west decided to helpfully do that themselves. This forced Russian oligarchs to invest domestically resulting in Russian economy growing faster than the west now.
Hahah Jesus what a yarn. More! Do more about oligarchs “investing domestically” - that ones definitely got some legs (we’ll probably need a laugh track though), but get your terms straight hey, you called them Russian Capitalists above and if we’re gonna sell the rights to this sitcom to Netflix we need an idea of who we are casting. Wardrobe needs to know if they are making oligarch or capitalists outfits. These things matter!
No, the point is that this move undermines western financial system because billionaires all over the world will realize that if they or the government of their country runs afoul of the west, then their assets will be stolen. Meanwhile, freezing and seizing the assets of Russian billionaires amounts to the west doing capital controls for Russia. This would’ve been a very unpopular move if the Russian government imposed such controls, but the west decided to helpfully do that themselves. This forced Russian oligarchs to invest domestically resulting in Russian economy growing faster than the west now.
Hahah Jesus what a yarn. More! Do more about oligarchs “investing domestically” - that ones definitely got some legs (we’ll probably need a laugh track though), but get your terms straight hey, you called them Russian Capitalists above and if we’re gonna sell the rights to this sitcom to Netflix we need an idea of who we are casting. Wardrobe needs to know if they are making oligarch or capitalists outfits. These things matter!
I mean, many US states/cities already do forfeitures, so applying this to foreign individuals and entities is just… consistent??
So we agree it’s a good thing then :)
Oh yeah, the best move the west made in a while in my opinion.