Wednesday, April 10, 2024

"Russia Seizes Over 650,000 Acres Of Farmland And Other Assets From Company With Ties To 'Unfriendly' Country"

Don't be going all Chrystia Freeland there Vlad.

From Benzinga, April 10:

In a significant escalation of its retaliatory measures against “unfriendly” states amid heightened geopolitical tensions, Russia has seized assets of the agricultural holdings company AgroTerra Group. The move, announced on April 8, 2024, has sent shockwaves through the agricultural sector and raised concerns over food security and international trade relations.

President Vladimir Putin’s decree places Dutch-registered firms AgroTerra Investments B.V. and AgroTerra Holdings B.V. under the “temporary management” of Rosimushchestvo, Russia’s federal property management agency. This action follows a series of similar asset seizures targeting Western companies, including multinational brewer Carlsberg and dairy giant Danone, which have sought to divest their Russian operations in response to the ongoing conflict in Ukraine.

AgroTerra, founded in 2008, is a major player in the agricultural industry, specializing in the production and supply of commodities such as soybeans, wheat and sugar beet. The company is recognized as one of the top 20 largest owners of agricultural land in Russia, with a cultivated area of approximately 265,000 hectares (654,829 acres).

The decree’s impact on AgroTerra’s operations remains uncertain. A spokesperson for the company stated, “As of now, the Company has not yet received any further details regarding the decree on the transfer of shares within the authorized capital of the AgroTerra Group to the temporary management of Rosimushchestvo.” Despite the lack of clarity, the company has assured that it is continuing its operations as usual, with a primary focus on the ongoing sowing campaign.

This seizure is part of a broader trend of Russia targeting foreign-owned assets in retaliation for sanctions and other measures taken against Russian companies abroad. In April 2023, Putin signed an executive order allowing Russia to take over real estate, securities, property rights and other assets from foreign companies with ties to “unfriendly countries.”....

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Putin has made his own bed and is going to die in it. Canada has a choice but time is running out.

In addition to the story linked in the intro where the Canadian Vice-Premier and Finance Minister implemented the government's plan to freeze-n-seize bank accounts of the protesting Canadian citizens, Ms Freeland has been at the forefront of efforts to do the same with Russian assets, e.g.

May 20, 2022: Financial Post, "Ottawa is currently creating a legal framework for the seizure of Russian assets" 

November 9, 2023: WaPo, "Canada wants to give a Russian plane it seized to Ukraine. Is that legal? "

Feb 28, 2024: Reuters, "Canada agreed on the urgent need to move forward with confiscating frozen Russian sovereign assets to help Ukraine, Finance Minister Chrystia Freeland said on Tuesday."

March 17, 2024: "The Canadian behind the West’s massive sanctions on Russia says it’s time for Round 2"

Someday I'll get around to the story of her grandfather seizing "some Jew's" printing business so he could write propaganda for the Nazis.

Anyhoo, the Canadian Government's actions in February 2022 caught the eye of quite a few people who took note of the Government's attitude toward other people's property

CBC, February 17, 2022
Banks have started to freeze accounts linked to the protests, Freeland says
In a final warning, finance minister says truckers at the protest will be stripped of their insurance...

And February 18, 2022:

Short of War, What Just Happened In Canada May Be The Biggest Story Of The Covid Era

...Even though we had been following the story closer than many folks, at that point we really had no idea how big and how important the the unfolding events were....

And a couple day's later, February 20, 2022:

 "Canada wants to make financial aspects of Emergencies Act permanent"

The financial aspect of the Canadian government's power grab is part of what that The Blind Spot's Izabella Kaminska was looking at and the reason it is such a big story. The fact a government thinks it can take your money because you disagree with it's policy proposals is breathtaking in its audacity. Who the hell do these people think they are? And since Izzy's post the totalitarian claws have really come out.
Have I ever mentioned Hitler's Enabling Act of 1933?*

From the truly awesome watchdogs at Reclaim the Net, February 19....

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Once you get a reputation as having a situational ethics approach to property rights, folks will think twice before sending their money to Bay Street.