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I haven’t heard about this, but from what I’ve read, no matter how this plays out, Russia loses. That’s the scary part. What will he do next after he realizes this?I don't really understand how Russia can nationalize companies that do not have their principle headquarters in Russia.
How can they take over Ikea? The company just stops sending them inventory and shuts down the stores. Removing them from Russia.
Likewise Toyota. They have a plant in St. Petersburg that manufacures RAV-4 and Camrys. So Russia takes it over and takes all their production equipment and inventory. What if no one in Russia can afford to buy cars? What if they can't get the steel or insulation, or computer chips or wiring once the current inventory runs out. Russia still loses.
Article from The Telegraph UK. It's behind a paywall, so I can't directly copy it, but here is the link and a few comments:
Xi Jinping 'unsettled' by Vladimir Putin's difficulties in Ukraine
Xi Jinping 'unsettled' by Vladimir Putin's difficulties in Ukraine
The Chinese leader has been surprised by the strength of the Western response, according to US intelligence
China is not allowing much free discussion of the war in China. However, we can be sure their military leadership is studying the Ukraine war, not only as it pertains to their wish to take over Taiwan, but also in terms of how poorly the Russian troops and plan seem to be performing. This will end up going back very negatively on their assessment of Putin's strength.
For the meantime China can deliver words against the conflict from afar. But they are observing every tick of the clock and every new development.
My notes: China is planning for 5-, 10-, and 50-years from now. Putin's viability is being very much scrutinized. They have a very ambitious China Road and Belt project that would link Europe, Russia, the mideast, eastern Africa, and continental Asia under a series of roads, giving them an immense economic impact on trade in every area. Their advantage in precious metals and non-oil resources would make them the world's economic powerhouse. Russia cannot possibly compete with this, and if Russia is far diminished by turnover and a crashed economy, they will be much more likely to sign on to allow China to provide the roads.
We should always keep our eyes on China, they are quite, but very methodical, extremely ambitious, and have absolute authority over their people.
I wonder about the banks, Wall Street investment firms, etc. They're still helping Putin and many of his Russian oligarch friends.
ETA: Goldman Sachs claims they are "shuttering" their business in Russia. We'll see. Wonder who else will follow and whether financial ties will be cut completely?
https://www.cnbc.com/2022/03/10/gol...ong-the-first-wall-street-banks-to-do-so.html
I'm wary of the pendulum swinging too far to the west and allowing China to sweep in and provide all those services and products. I have to think the Chinese would just love to be selling Chinese-made Toyotas to Russia, too.
Marriott and International Hotels surprises me a bit. I guess they fear losing their brick and mortar investments. Hard to think of how they can maintain standards with a massively shrinking international guest population and a local population who's budgets don't allow western hotel travel anymore.
House leader asks for Ukraine’s Zelenskyy to speak in Canadian parliament next week | Globalnews.ca
''Government House leader Mark Holland has asked House of Commons Speaker Anthony Rota to approve Ukrainian President Volodymyr Zelenskyy speaking to Canada’s Parliament next week.
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Zelenskyy has accepted an invitation to speak to MPs and senators and Holland proposes he do so at 11:15 a.m. on Tuesday.''
''Holland says this would give Canadians a chance to hear directly from Zelenskyy about the “urgent and dire” situation in his country, which was invaded by Russia just over two weeks ago''
The Kyiv Independent
@KyivIndependent
6m
Russia puts forth new requirements for humanitarian corridors. Russia is demanding lists of all evacuating vehicles and accompanying officials and forbids any communications equipment, except for Red Cross representatives.
The Kyiv Independent
@KyivIndependent
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The corridors are planned for Kyiv, Chernihiv, Sumy, Kharkiv, and Mariupol.
https://twitter.com/KyivIndependent/with_replies
Wowhttps://twitter.com/EuromaidanPress/status/1502014053748772872?t=bPcfH_dNmUG1evtbrTcnfA&s=19
"As of 10 March, Russian invaders have killed more Ukrainian civilians than Ukrainian military personnel from all defense structures," Minister of Defense Oleksiy Reznikov said. https://t.co/VZfmffZhrp
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