RE: Wheres the evidence........19 Mar 2026 08:55
Pointing out westeners that converted broke sanctions at an individual level, thereby given up their western legal protection is not being ridiculous. The only ridiculous thing in this is the TG narrative that swayed many to violate western sanctions on a personal level, based on Russian legal advice.
Russia aren’t doing any of this in interest of western holders. If you looked closer at impacts of unfriendly holders selling Russian assets, mentioned in last post, you’d have likely determined it wasn’t worth giving up western protection or spending to do so. It is especially not worth getting chased by OFSI, HMRC or NCA for privilege. All this info was available with proper due diligence and you didn’t need western legal advice to see it, so why ignore it ?
I’d sooner take a total loss and tax write off with western protection. Rather than maybe getting 5% of whatever is eventually left, if Russia don’t steal those shares too, whilst also paying Russia many times over, whilst also waiting for the inevitable brown envelope to come through the door from my government, detailing additional costs I ‘must’ pay them for breaching sanctions on a personal level. Paying to convert is acknowledgment in itself. Had this all have been automatic, it would be different.
As suggested many times, until this is all properly closed out, no one has all the answers. It’s not that simple.
‘Unfriendly holders selling Russian shares face severe, punitive restrictions, including mandatory discounts of at least 50-60% of market value, mandatory "exit tax" payments to the Russian budget (10-35% of value), and mandatory government commission approval. Exits are slow, expensive, and often require transferring assets to local management.
Key Impacts on Unfriendly Sellers:
Significant Valuation Discounts: Sales often occur at a minimum of 50-60% off the independently appraised value of the asset, according to guidelines discussed for konsugroup.com.
Voluntary Contribution (Exit Tax): Sellers are often forced to pay 10% to 35% of the total transaction value into the Russian federal budget, notes Lexology.
Government Approval Required: Any sale or transfer of shares, particularly in strategic enterprises, banks, or energy projects, requires approval from the Russian Government Commission.
Reputational and Operational Risks: Continuing to operate incurs high reputational risk, while attempting to leave is a costly, complex, and potentially loss-making process.
Suspension of Rights: In some cases, unfriendly foreign holders can be stripped of their voting and corporate rights in "economically significant organizations" (ESOs), with their shares potentially transferred to the entity itself, as discussed in Morgan Lewis.
Forced Asset Swaps: New regulations seek to prevent divestment without authorization, sometimes forcing investors to engage in complex asset swaps to move funds, says Cleary Foreign Investment and International Trade Watch
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