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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. Sanctions against Russia

Sanctions against Russia

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  • George KG George K

    FNwojseVQAYpEi1.jpeg

    LarryL Offline
    LarryL Offline
    Larry
    wrote on last edited by
    #121

    @George-K said in Sanctions?:

    FNwojseVQAYpEi1.jpeg

    Fred!!

    1 Reply Last reply
    • George KG Offline
      George KG Offline
      George K
      wrote on last edited by
      #122

      Russia's airlines are starting to worry about replacement parts. If they can't do proper maintenance and service, they might be denied access to many airports.

      And, speaking of aircraft, a major supplier of fighter-jet parts is in ... Germany.

      "Now look here, you Baltic gas passer... " - Mik, 6/14/08

      The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

      1 Reply Last reply
      • George KG Offline
        George KG Offline
        George K
        wrote on last edited by
        #123

        Saw a story that seizing the oligarchs' yachts and other property might be illegal. Wouldn't surprise me.

        "Now look here, you Baltic gas passer... " - Mik, 6/14/08

        The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

        RenaudaR 1 Reply Last reply
        • George KG George K

          Saw a story that seizing the oligarchs' yachts and other property might be illegal. Wouldn't surprise me.

          RenaudaR Offline
          RenaudaR Offline
          Renauda
          wrote on last edited by
          #124

          @George-K

          Heard that as well. On the other hand, the extraordinary actions of one country deserve extraordinary responses from other countries. In this case seizure of assets abroad linked to Russian lawmakers and oligarchs are fair game. Let the bleeding hearts go ahead and bleed.

          Elbows up!

          George KG 1 Reply Last reply
          • RenaudaR Renauda

            @George-K

            Heard that as well. On the other hand, the extraordinary actions of one country deserve extraordinary responses from other countries. In this case seizure of assets abroad linked to Russian lawmakers and oligarchs are fair game. Let the bleeding hearts go ahead and bleed.

            George KG Offline
            George KG Offline
            George K
            wrote on last edited by
            #125

            @Renauda said in Sanctions?:

            In this case seizure of assets abroad linked to Russian lawmakers and oligarchs are fair game.

            Indeed.

            "Now look here, you Baltic gas passer... " - Mik, 6/14/08

            The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

            1 Reply Last reply
            • MikM Offline
              MikM Offline
              Mik
              wrote on last edited by
              #126

              I believe invading neighboring countries and shelling residential areas is rather frowned upon as well.

              “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

              1 Reply Last reply
              • George KG Offline
                George KG Offline
                George K
                wrote on last edited by
                #127

                "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                RenaudaR 1 Reply Last reply
                • George KG George K

                  RenaudaR Offline
                  RenaudaR Offline
                  Renauda
                  wrote on last edited by
                  #128

                  @George-K 😀

                  Elbows up!

                  1 Reply Last reply
                  • MikM Mik

                    Sanctions start to hit the people.

                    https://www.msn.com/en-us/news/world/moscow-insiders-describe-panic-frustration-and-shame-as-russia-gets-cut-off-from-the-global-economy/ar-AAVsfXT?ocid=msedgntp

                    LuFins DadL Offline
                    LuFins DadL Offline
                    LuFins Dad
                    wrote on last edited by
                    #129

                    @Mik said in Sanctions?:

                    Sanctions start to hit the people.

                    https://www.msn.com/en-us/news/world/moscow-insiders-describe-panic-frustration-and-shame-as-russia-gets-cut-off-from-the-global-economy/ar-AAVsfXT?ocid=msedgntp

                    Many in Moscow have cited soaring inflation as the most egregious problem

                    Wonder if they are calling it Bidinflation?

                    The Brad

                    1 Reply Last reply
                    • taiwan_girlT Offline
                      taiwan_girlT Offline
                      taiwan_girl
                      wrote on last edited by
                      #130

                      Well, the US is "ramp" up the pressure a bit more.

                      QUOTE
                      The United States starting Tuesday (Apr 5) will bar Russia from making debt payments using funds held at American banks, ramping up the economic pain on Moscow over its invasion of Ukraine, the US Treasury said.
                      UNQUOTE

                      (https://www.channelnewsasia.com/world/us-blocks-russia-paying-debt-dollars-held-us-banks-treasury-2609431)

                      1 Reply Last reply
                      • George KG Offline
                        George KG Offline
                        George K
                        wrote on last edited by
                        #131

                        "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                        The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                        1 Reply Last reply
                        • George KG Offline
                          George KG Offline
                          George K
                          wrote on last edited by
                          #132

                          Spotify stops streaming to Russia.

                          https://www.msn.com/en-us/money/companies/spotify-pulls-out-of-russia-citing-new-laws-restricting-free-expression/ar-AAVuuuv

                          "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                          The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                          1 Reply Last reply
                          • George KG Offline
                            George KG Offline
                            George K
                            wrote on last edited by
                            #133

                            "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                            The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                            1 Reply Last reply
                            • MikM Offline
                              MikM Offline
                              Mik
                              wrote on last edited by
                              #134

                              Well, if they have assets Russia can attach we need to have a conversation about that.

                              “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                              RenaudaR 1 Reply Last reply
                              • MikM Mik

                                Well, if they have assets Russia can attach we need to have a conversation about that.

                                RenaudaR Offline
                                RenaudaR Offline
                                Renauda
                                wrote on last edited by
                                #135

                                @Mik

                                It’s a diplomatic badge of honour to be PNG’d by Russia as of late. It means nothing and is entirely for domestic consumption over there.

                                Elbows up!

                                1 Reply Last reply
                                • George KG Offline
                                  George KG Offline
                                  George K
                                  wrote on last edited by
                                  #136

                                  Neutral?

                                  https://sanctionsnews.bakermckenzie.com/switzerland-adopts-fifth-comprehensive-sanctions-package-against-russia-imposed-by-the-european-union/

                                  On 13 April, in light of Russia’s ongoing military aggression against Ukraine, the Swiss Federal Council decided to fully adopt the new sanctions introduced by the EU in its fifth sanctions package against Russia on 8 April (see blog post here). The Ordinance on Measures connected with the Situation in Ukraine (the “Ordinance”) will now be revised accordingly. It will be published and enter into force some time after the Easter Holidays.

                                  The new EU measures target trade, finance and transport. In the area of trade, measures include a ban on the import of coal and other goods that serve as important sources of revenue for Russia (such as wood, cement, seafood and vodka), and an export ban on kerosene and other goods that could contribute to strengthening Russia’s industrial capacity (including industrial robots and certain chemicals).

                                  In the area of financial restrictions, the new EU measures include a ban on the participation of Russian companies in public procurement, a ban on financial support for Russian public institutions and further new financial measures, particularly aimed at trusts.

                                  The new EU measures targeting transport namely include a ban on Russian and Belarusian road transport undertakings preventing them from transporting goods by road within the EU, and a ban on access to EU ports for Russian vessels. The Federal Council has announced that Switzerland will not be adopting these transport bans, deeming them unnecessary due to Switzerland’s geographic location.

                                  "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                  The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                  1 Reply Last reply
                                  • RenaudaR Offline
                                    RenaudaR Offline
                                    Renauda
                                    wrote on last edited by
                                    #137

                                    Interesting editorial from Moscow Times. In my opinion, not off the mark either:

                                    https://www.themoscowtimes.com/2022/04/20/the-four-russias-and-ukraine-a77423

                                    Elbows up!

                                    1 Reply Last reply
                                    • MikM Offline
                                      MikM Offline
                                      Mik
                                      wrote on last edited by
                                      #138

                                      Good piece. I had to look up Skubb and Kleppstad.

                                      “I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill

                                      1 Reply Last reply
                                      • George KG Offline
                                        George KG Offline
                                        George K
                                        wrote on last edited by
                                        #139

                                        Ruh Roh...

                                        Dell, Apple, Netflix face lawsuits for pulling services out of Russia

                                        A Moscow Arbitration Court has reportedly seized almost $11 million belonging to Dell LLC after the company failed to provide paid-for services to a local system integrator.

                                        IT systems integrator Talmer sued Dell early last month when the American computer giant declined to provide technical support services for VMware as previously agreed. Dell is the representative of VMware in Russia and was reselling these services until March 1, 2022.

                                        The Moscow-based firm had reportedly paid Dell for these services beforehand, but since they never got them, this was a breach of the service terms.

                                        The sanctions imposed against Russia by the Western world and the public sentiment forced companies like Dell and VMware to curtail their operations.

                                        “At the same time, despite the termination of the provision of services by WMware in the Russian Federation, the defendant did not take any action on an alternative method of fulfilling obligations and did not return the advance payments to Talmer LLC,” specifies the court ruling according to Russian outlets that have reproduced it.

                                        Due to this ruling, the Russian courts seized 778,526,223 rubles from local bank accounts, which is currently valued at about $10,900,000.

                                        The ruling can be appealed to the Ninth Arbitration Court of Appeal within a month, but Dell didn’t comment if it’s planning to exercise that right.

                                        When asking for comment regarding the seizure, a Dell spokesperson told BleepingComputer that they do not comment on pending litigation.

                                        Late last month, Apple faced a similar legal issue after a Russian law firm filed a class action for breach of contract, seeking damages of 90 million rubles, approximately $1,290,000.

                                        The lawsuit claims that Apple unilaterally pulled its payment service from the country, Apple Pay, depriving Russian iOS users of a feature that was marketed to them and which they expected to enjoy indefinitely when they bought their iPhones.

                                        Apple’s move has essentially degraded the value of the iPhone in Russia, which further raises the total damages that can be sought, with the law firm demanding a fine of 50% of the compensation amount for moral damages too.

                                        The same law office has filed a class-action lawsuit against Netflix in April for similar reasons of breach of user terms, demanding a compensation of 60 million rubles ($860,000).

                                        I wonder how the Russian courts will rule in this.

                                        "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                        The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                        RenaudaR 1 Reply Last reply
                                        • JollyJ Offline
                                          JollyJ Offline
                                          Jolly
                                          wrote on last edited by
                                          #140

                                          I wonder how they'll get their money...

                                          “Cry havoc and let slip the DOGE of war!”

                                          Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

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