[CONSOLIDATED][Ukraine Edition] Russian Invasion of Ukraine Has Begun!

Shion

Shion

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McDonald's, Pepsi, others should consider pausing Russia operations: NY pension fund​


https://www.businesstimes.com.sg/co...der-pausing-russia-operations-ny-pension-fund
[NEW YORK] Major global brands, including McDonald's Corp, Pepsi Co and the Estee Lauder Cos, should consider pausing their operations in Russia, New York state's pension fund chief wrote in letters to several companies on Friday (Mar 4).

Other companies that received the letter were Mondelez International, Fortinet, Kimberly-Clark Corp, Bunge, Coty, Alnylam Pharmaceuticals and Trimble.

None of the companies immediately replied to a request for comment.

Political pressure is building for companies to halt business in Russia because of its invasion of Ukraine, and sanctions are making some operations difficult. Some big companies have already said they will stop, including sneaker maker Nike and home furnishings firm Ikea.

The letters from New York State Comptroller Thomas DiNapoli urged companies to review their businesses in Russia because they face "significant and growing legal, compliance, operational, human rights and personnel, and reputational risks", wrote DiNapoli, who oversees the state's roughly US$280 billion pension fund, which owns shares of the companies.

Pausing or ending operations in Russia "would address various investment risks associated with the Russian market and play an important role in condemning Russia's role in fundamentally undermining the international order that is vital to a strong and healthy global economy", the letter said. REUTERS
 
Shion

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Russia's offer to foreign firms: Stay, leave or hand over the keys​


https://www.businesstimes.com.sg/go...oreign-firms-stay-leave-or-hand-over-the-keys
[MOSCOW] Companies and investors across the world faced Russian dilemmas on Friday as they weighed up an offer from Moscow to fast-track their exits from the country and allow them to hand over holdings to local managers until they return.

The options offered by First Deputy Prime Minister Andrei Belousov came one week since Russia's invasion of Ukraine and a day after French bank Societe Generale warned that it could be stripped of its Russian operations, which sent a chill through companies seeking to stay put in the country.

Belousov outlined three alternatives for foreign firms.

"The company continues to work fully in Russia," he said in a statement. "Foreign shareholders transfer their share to be managed by Russian partners and can return to the market later," he added, and: "The company permanently terminates operations in Russia, closes production and dismisses employees." No route comes without risks. Those staying on could face a backlash in Western markets where the public have rallied to Ukraine's cause, those transferring shares could be handing over the keys with few guarantees, while those quitting may face a big loss at best, or might have to sell for a nominal sum.

Russia's invasion has prompted the United States and Europe to impose sweeping sanctions, affecting everything from global payments systems to a range of hi-tech products, which make doing business in Russia increasingly complex and precarious.

For ordinary Russians, it means deep economic pain.

Some multinationals such as energy majors BP and Shell have already said they are quitting, while others have held off signing off from Russia for now. TotalEnergies has said it would stay but would not invest more.

IKEA announced plans to close stores on Thursday but said it would pay its 15,000 Russian staff for at least three months.

Italian tyre maker Pirelli said on Friday it was constantly monitoring developments through a specially constituted "crisis committee", adding it did not expect to halt either of its two Russian plants.

Its rival, Finland's Nokian Tyres, said last week it was shifting production of some product lines out of Russia.

But there are no easy fixes even for those looking for the exit, when there are limited trading counterparties.

British insurer and asset manager Royal London said it planned to sell its Russian assets, which it said only accounted for about 0.1 per cent of its portfolio.

"We can't trade these things anyway, but as soon as we can, we obviously intend to divest," chief executive Barry O'Dwyer said.

For those seeking the door, the Russian first deputy prime minister said a fast-track bankruptcy plan "will support the employment and social well-being of citizens so that bona fide entrepreneurs can ensure the effective functioning of business".

Many companies are still trying to count the cost of their exposure to Russia, a figure that for many keeps changing with each new round of sanctions announced by the United States, the European Union and Britain.

So far global companies, banks and investors have announced that they have exposure in some form to Russia of more than US$110 billion. That number could rise. Data from research firm Morningstar, meanwhile, shows exposure from international funds to the tune of US$60 billion in stocks and bonds.

Norway's sovereign wealth fund, the world's largest, said on Thursday it has written off the value off the roughly US$3 billion in assets it held in Russia.

Meanwhile SocGen, which has a US$20 billion exposure to Russia, said on Thursday it had an adequate buffer for an "extreme scenario, in which the group would be stripped of property rights to its banking assets in Russia".

Dutch bank ING provided an update on Friday on its exposure to Russia and Ukraine, saying about US$770 million in outstanding loans were affected by "new sanctions on (Russian) specific entities and individuals".

BASF, the world's largest chemicals group, said it was halting new business in Russia and Belarus, except for those related to food production as part of humanitarian measures.

But BASF also pointed to challenges companies now face in navigating a way through a minefield of sanctions.

"Effective immediately, BASF will only conduct business in Russia and Belarus that fulfils existing obligations in accordance with applicable laws, regulations and international rules," the German chemical maker said.

Swiss watchmaker Swatch Group said it would continue its operations in Russia but was putting exports on hold "because of the overall difficult situation." Deutsche Bank said it had been stress-testing its operations given it has a big technology centre in Russia, but said it was assured of its ability to run its everyday business globally.

The German lender had opened a new office in Moscow in December, a move it said at the time represented "a significant investment and commitment to the Russian market". REUTERS
 
Z

zero90

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ghuathuatm said:
Same playbook as Georgia War la.
Also created independant republic, send his russian army there, kpkb Georgia kajiao the republic so he sent in his army to wreck Georgia in the name of peacekeeping, to “save” Russia leaning republic. Exactly the same tactic here
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They took 12days to beat Georgia right?
 
J

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TheLookingGlass said:
Support china can still understand due to atb or other relationships usually. But those who support Putin is really brain fried already
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I can understand people who support China.
I cannot understand people who are anti PAP yet support China.
I totally cannot understand people that support Putin because they support China yet they are anti PAP.
 
Joe Mahmood

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TheLookingGlass said:
All these problems created by Putin. Although these border provinces had pro Russian sympathizers, it was still Ukraine territory. He armed them and embedded special forces inside to start a war. Hoping these provinces become puppet regions under Russian control.
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Yes.

Now what is next....he is challenging NATO, EU and UN to start WW3 Nuclear War. What can the world do to stop him?
 
meowmeowcat

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JGK123 said:
I can understand people who support China.
I cannot understand people who are anti PAP yet support China.
I totally cannot understand people that support Putin because they support China yet they are anti PAP.
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I think your question is why people are against USofA and NATO when viewing this conflict, of which ample reasons are being shared by multiple posters
 
swageat

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mrclubbie said:

Singapore details financial sanctions, export controls on Russia after Ukraine invasion​


https://www.channelnewsasia.com/sin...ontrols-russia-after-ukraine-invasion-2541026
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Singapore will impose financial measures targeted at designated Russian banks, entities and activities in Russia, as well as fundraising activities benefiting the Russian government, said Singapore’s Ministry of Foreign Affairs (MFA) on Saturday (Mar 5).

The Singapore Government will also impose export controls on items that can be “directly used as weapons to inflict harm on or to subjugate the Ukrainians”, as well as items that can contribute to offensive cyber operations, MFA added in a press statement.



The sanctions and restrictions against Russia come in response to its invasion of Ukraine, which started on Feb 24.

Earlier this week, Foreign Affairs Minister Vivian Balakrishnan said Singapore will impose sanctions on Russia “in concert with other like-minded countries”, and cited the “unprecedented gravity” of the Russian invasion.

On Saturday, MFA said the invasion of Ukraine “contravenes” the United Nations Charter and is a “clear and gross violation of international law”.

“While we continue to value good relations with Russia and the Russian people, we cannot accept the Russian government’s violation of the sovereignty and territorial integrity of another sovereign state,” said the ministry.

“For a small state like Singapore, this is not a theoretical principle, but a dangerous precedent. This is why Singapore has strongly condemned Russia’s unprovoked attack on Ukraine.”
 
Unic0rn

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This situation in theory will enables least bloodshed and enables Ukraine to be captured within 3 days!

Russia should communicate and coordinate with the rest of Europe in a two pronged attack of Ukraine.
1. Russian forces will enter from north and eastern Ukraine
2. Collation of US, UK, Spain, France, Belgium, Germany, Italy forces along with Poland, Hungary and Romania (3 countries with land border with western Ukraine) enter from western Ukraine

Sandwich the Ukrainians from both sides to make them lay down arms and unconditionally surrender within 3 days!

Win-Win

Russian forces say 200,000 with another 100,000 backup
Collation forces can easily 400,000 with another 800,000 backup
Total 1,500,000 go in!

Ukraine's 41,000,000 Ukrainians will surrender?

1,500,000 vs 41,000,000

1,500 vs 41,000

15 vs 410

Very hard too even if the whole world attack Ukraine, they will still persist and eventually win the war!
 
T

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mechagnome said:
booting russia outa screwtee cowcil nao

Chairman of The Verkhovna Rada of Ukraine Ruslan Stefanchuk: To deprive Russia of the seat of a permanent member of the UN Security Council and to expel it from the UN and all special institutions in general. This statement was agreed today by all leaders of parliamentary factions and groups at the Conciliation Council.

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This real? Is very serious thing if happens. It would make Russia become like n.korea.

One of the purposes of the security council is to prevent the countries which have the most global impact from going crazy. They reign each other in.

I think replace with Japan or Germany then. Or maybe even India.
 
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