Russia’s take-over of its foreign investors assets

Hat tip : Jamestown Foundation’s Eurasia Daily Monitor

Greeks bearing gifts; Russians wanting joint-ventures with foreign companies: either way, they want it all.

from:  the Moscow Times Story:

Trutnev Warns TNK-BP on Kovykta

Oil major TNK-BP won’t be compensated for its investment into the Kovykta gas field should its license be revoked, Natural Resources and Environment Minister Yury Trutnev said Wednesday in comments that contradicted earlier remarks by Deputy Prime Minister Igor Sechin.

“[The company] will not receive compensation for nonfulfillment of the license,” Trutnev said, Interfax reported.

The scam is basically to get a legal agreement, let the partner invest the resources and know how Russia lacks, then have governmental inspections on a pretext that miraculously result in the complete takeover of the venture.

Obviously they don’t care what effect that has on future foreign capital and know-how infusions. Granted,we are speaking of a fight between free willers amongst themselves and everything is about “motivation”. Just goes to show you; those deceived they can act in their own interests because ‘they have free will’ ..don’t. And don’t.

A billion here. A trillion there. Numbers to make the freedom and the brains to ‘use it’ seem Big.

God sent that too.

Ephesians 5:8  For ye were sometimes darkness, but now are ye light in the Lord: walk as children of light:

In the Name of Jesus Christ, Amen

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