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Is this a modern day nationalization? Essentially forced to sell at a 50% discount. In many ways very similar to what is happening to TikTok with the US. Altho
by stubish 2y ago
Is this a modern day nationalization? Essentially forced to sell at a 50% discount.
In many ways very similar to what is happening to TikTok with the US. Although, now I think of it, it is just assumed that TikTok will end up under American control? I wonder what would happen if some group like the Saudi Royal Family bought it and moved the global HQ to Dubai?
- protomolecule 2y ago"Is this a modern day nationalization? Essentially forced to sell at a 50% discount." This is "modern day nationalization": "In March 2022, following the Russian invasion of Ukraine, the G7 countries froze around €260 billion ($280 billion) of the Central Bank of Russia’s reserves held in Western currencies and securities, including €210 billion deposited in Europe, mostly with Belgium’s Euroclear (around €159 billion). The remaining funds are deposited in France, Switzerland, Luxembourg, the United Kingdom, Canada, Japan (although specific values have not been given), the US (around €4.5 billion) and other countries." [0] [0] https://www.osw.waw.pl/en/publikacje/analyses/2024-05-24/eus-decision-to-use-profits-generated-frozen-russian-assets https://www.osw.waw.pl/en/publikacje/analyses/2024-05-24/eus...
- ulfw 2y agoWhy would Saudis want to support another country and not their own? Dubai is in the UAE
- stubish 2y agoBecause I learned geography on TikTok?