8 ms·

I'm not sure who downvoted you. It is a good question. McDonald's and other consumer goods type companies are not sanctioned, so the company can sell its assets

I'm not sure who downvoted you. It is a good question. McDonald's and other consumer goods type companies are not sanctioned, so the company can sell its assets. For that matter they could continue to operate as normal in Russia if they choose.

leros 4y ago
It sounds like Russia might get declared a terrorist state soon. I assume that changes things.
- castorp 4y ago
  > It sounds like Russia might get declared a terrorist state soon. Lithuania has apparently already done that.
- moistly 4y ago
  As it should be. https://www.dailymail.co.uk/news/article-10797707/Russian-brags-using-FSB-torture-method-slicing-open-Ukrainians-fingers-toes-penis.html https://www.dailymail.co.uk/news/article-10797707/Russian-br...
boole1854 4y ago
I'm not sure they really could easily continue to operate as normal. Their business units in Russia get paid by consumers in rubles, but due to the financial sanctions, they can no longer convert rubles to US dollars [1]. From the point of view of their non-Russian shareholders, this effectively means all that money is inaccessible. This would result in complications in reporting the revenue on their income statement. Plausibly (I am not an expert), this would mean they can't even recognize the revenue at all. At minimum, it becomes an open question whether or not the revenue will ever benefit the corporation or if it will be 'trapped' perpetually. [1] This is my understanding. If someone knows better, please post. One source that goes into some detail about the current situation is: https://www.washingtonpost.com/business/energy/how-war-and-sanctions-make-the-ruble-harder-to-trade/2022/04/11/8d267832-b9a9-11ec-a92d-c763de818c21_story.html https://www.washingtonpost.com/business/energy/how-war-and-s...
- chupasaurus 4y ago
  You're right, currently you can't get your revenue outside unless you're down to use a scheme involving exchange for trades inside Russia, move them outside and turn back to money. I've diagonally read the article linked and it depicts everything correctly.
  - selimthegrim 4y ago
    Diagonally?
    - yznovyak 4y ago
      "To read diagonally" is a Russian idiom meaning "to skim-read".
    - ilammy 4y ago
      In Russian "to read diagonally" means "to skim" in English. Like, you don't read left to right, top to bottom, but straight from one corner to the other.
      - kergonath 4y ago
        In French as well, FWIW.
        number6 4y ago
        French is now in bed with russian? Mont dioaux ;)
        chupasaurus 4y ago
        In 19th century, almost every Russian either spoke French fluently, was a priest or couldn't read.
        4y ago

leros 4y ago

It sounds like Russia might get declared a terrorist state soon. I assume that changes things.

castorp 4y ago
> It sounds like Russia might get declared a terrorist state soon. Lithuania has apparently already done that.
moistly 4y ago
As it should be. https://www.dailymail.co.uk/news/article-10797707/Russian-brags-using-FSB-torture-method-slicing-open-Ukrainians-fingers-toes-penis.html https://www.dailymail.co.uk/news/article-10797707/Russian-br...

boole1854 4y ago

I'm not sure they really could easily continue to operate as normal. Their business units in Russia get paid by consumers in rubles, but due to the financial sanctions, they can no longer convert rubles to US dollars [1]. From the point of view of their non-Russian shareholders, this effectively means all that money is inaccessible. This would result in complications in reporting the revenue on their income statement. Plausibly (I am not an expert), this would mean they can't even recognize the revenue at all. At minimum, it becomes an open question whether or not the revenue will ever benefit the corporation or if it will be 'trapped' perpetually. [1] This is my understanding. If someone knows better, please post. One source that goes into some detail about the current situation is: https://www.washingtonpost.com/business/energy/how-war-and-sanctions-make-the-ruble-harder-to-trade/2022/04/11/8d267832-b9a9-11ec-a92d-c763de818c21_story.html https://www.washingtonpost.com/business/energy/how-war-and-s...

chupasaurus 4y ago
You're right, currently you can't get your revenue outside unless you're down to use a scheme involving exchange for trades inside Russia, move them outside and turn back to money. I've diagonally read the article linked and it depicts everything correctly.
- selimthegrim 4y ago
  Diagonally?
  - yznovyak 4y ago
    "To read diagonally" is a Russian idiom meaning "to skim-read".
  - ilammy 4y ago
    In Russian "to read diagonally" means "to skim" in English. Like, you don't read left to right, top to bottom, but straight from one corner to the other.
    - kergonath 4y ago
      In French as well, FWIW.
      - number6 4y ago
        French is now in bed with russian? Mont dioaux ;)
        chupasaurus 4y ago
        In 19th century, almost every Russian either spoke French fluently, was a priest or couldn't read.
        4y ago