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Billions of Dollars Trapped In Russia!
Patrick Boyle On Finance
English - September 29, 2023 01:00 - 19 minutes - 13.3 MB - ★★★★★ - 120 ratingsInvesting Business Education finance trading hedge funds investment stock market history personal finance quantitative finance investing business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
A large number of western firms have continued to operate and invest in Russia since Putin’s invasion of Ukraine. These companies are estimated to have earned profits of around $20 billion dollars since the invasion. The problem for these companies is that the Kremlin has blocked them from accessing those profits in an effort to clamp down on companies from what they call “unfriendly nations.” Will these companies be able to repatriate these profits at some point in the future?
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