RUSSIA Seizes More Western Assets as Companies BuyBack Shares at Huge Discounts – Russia Ukraine War
Video Summary
The Russian economy has been severely impacted by the country’s invasion of Ukraine, leading to a loss of $300 billion worth of assets overseas. The West has seized these assets, and there is ongoing discussion about what to do with them. This has led President Putin to react by nationalizing assets owned by overseas companies in Russia, resulting in a loss of over $17 billion to Western companies.
Two Russian companies, MTS and Magnet, have announced share buybacks, which may seem good news for overseas investors, but are actually beneficial for the companies involved. The share buybacks are being done at a massive discount, making them a good investment opportunity for the companies. This could be a trend in the next 6-12 months, with more Russian companies buying back shares at a discount and canceling them to drive up their own share price.
This is a significant development, as it will impact the value of these companies’ shares and the returns for investors. While this may seem like bad news for overseas investors, it shows how the Russian government is trying to regain control over the assets lost during the invasion. In the next 6-12 months, it is likely that more seizures of assets will take place, affecting the value of these shares and the returns for investors.
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