this post was submitted on 28 Apr 2024
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Russia may respond to any U.S. confiscation of its currency reserves frozen in the West by seizing the assets, including property and cash, of U.S. citizens and investors in Russia, Dmitry Medvedev, a senior security official, said on Saturday.

The U.S. House of Representatives has passed a bill allowing the Biden administration to confiscate Russian assets held in American banks and transfer them to Ukraine, something the Kremlin has said would be illegal and trigger retaliation.

In response to Russia's war in Ukraine, the United States and its allies prohibited transactions with Russia's central bank and finance ministry and blocked about $300 billion of sovereign Russian assets in the West, most of which are in European not American financial institutions.

The Group of Seven (G7) major democracies is also looking at what it may be able to do around the frozen Russian assets.

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[–] TransplantedSconie@lemm.ee 147 points 4 months ago (2 children)

Sucks to be them. If at this point you still do business in that shithole, you deserve to lose your ass.

[–] owenfromcanada@lemmy.world 50 points 4 months ago (1 children)

Yeah, this really seems like a win-win (assuming any reasonable Americans have had plenty of time to get themselves and their shit out of Russia).

[–] voracitude@lemmy.world 71 points 4 months ago* (last edited 4 months ago) (2 children)

At this point in history, any American businesses with assets left in Russia have forfeited my sympathy for whatever happens to those assets. And my sympathy for "entities with enough money to have assets in foreign countries" is scant to begin with.

[–] youngGoku@lemmy.world 12 points 4 months ago* (last edited 4 months ago) (1 children)

Same... Sorry not sorry for your loss.

Coca cola

[–] thisbenzingring@lemmy.sdf.org 7 points 4 months ago

It's actually Pepsi that is going to lose the most

[–] ghostdoggtv@lemmy.world 6 points 4 months ago

I'm well beyond forfeited sympathy, I celebrate their impending loss.

[–] cupcakezealot@lemmy.blahaj.zone 2 points 4 months ago

"i'm in danger" - jill stein

[–] Passerby6497@lemmy.world 45 points 4 months ago

Do it. It will still hurt Russia much more than it will hurt American businesses who are dumb enough to still be in Russia.

[–] FlyingSquid@lemmy.world 38 points 4 months ago* (last edited 4 months ago) (1 children)
[–] nxdefiant@startrek.website 4 points 4 months ago

The beard dye and tactical office chair market will never recover.

[–] Zehzin@lemmy.world 37 points 4 months ago

Oh no, not the rich fucks's money!

[–] karashta@lemm.ee 30 points 4 months ago

Look at the zero fucks I give about whatever "private assets" will be stolen by Russia.

Maybe don't sink your money into that place when they're clearly our rival and enemy.

[–] afraid_of_zombies@lemmy.world 29 points 4 months ago (1 children)
[–] bradorsomething@ttrpg.network 6 points 4 months ago

I would also like to offer my thinks and god thinks.

[–] Alexstarfire@lemmy.world 27 points 4 months ago

I'm fine with this. Those idiots deserve to lose their assets at this point.

[–] MehBlah@lemmy.world 23 points 4 months ago

Anyone from the US stupid enough to have assets in russia deserves to lose them. Its doubtful I would approve of what any of them are doing and this seems like a win win for the decency.

[–] Dkarma@lemmy.world 14 points 4 months ago (2 children)

So McDonald and subway? Lol

[–] whereisk@lemmy.world 5 points 4 months ago* (last edited 4 months ago)

They already seized those when the companies pulled out after Ukraine

[–] cupcakezealot@lemmy.blahaj.zone 1 points 4 months ago

mcdonalds already sold in 2022

[–] gregorum@lemm.ee 12 points 4 months ago
[–] Coreidan@lemmy.world 7 points 4 months ago
[–] WindyRebel@lemmy.world 6 points 4 months ago

Go for it. These companies will just raise prices to combat losses. They do that anyway as well, so nothing changes.

[–] FartsWithAnAccent@fedia.io 6 points 4 months ago (1 children)
[–] NoIWontPickAName@kbin.earth 2 points 4 months ago (1 children)

I’m sorry I can’t understand your accent

[–] FartsWithAnAccent@fedia.io 4 points 4 months ago* (last edited 4 months ago)

Understandable, I've had a mix of Mexican and Chinese foods today.

[–] jkrtn@lemmy.ml 5 points 4 months ago

I mean, this is a win-win. Unfortunately the people who have purchased our politicians probably won't see it that way.

[–] cupcakezealot@lemmy.blahaj.zone 3 points 4 months ago

i'm down for anything that hurts republicans; seems like win win to me.