241–250 of 394 posts
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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.
Diagonally?
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In Germany this is called "Gratismut" (gratis bravery). It's the current thing to hate Russia, so they don't lose anything by doing a passionate write-up about it. McDonald's also wants to convince you that they have any values, but in reality they have no problem with horrendous human rights violations in other countries.
What changed here of course is that after Putin gave Aeroloft the go ahead to seize aircraft they were leasing, western business lost any appetite for the Russian market. When your assets can be taken over at any moment and its encouraged by the state, its best to cut your losses. A similar but more drastic example are the various communist revolutions in the 20th century. It was standard practice for the new governm…
I would not be surprised, if Aeroflot still had to pay the leases they owe, but the proceeds would be paid to subjects who had their assets seized abroad. Until it evens out 1:1.
> The Company intends to initiate the process of “de-Arching” those restaurants, which entails no longer using the McDonald’s name, logo, branding, and menu, though the Company will continue to retain its trademarks in Russia. Obviously they'd want to keep the trademark, otherwise they have no way to prevent those sold restaurants from "re-Arching" after the "de-Arching" :)
> Obviously they'd want to keep the trademark, otherwise they have no way to prevent those sold restaurants from "re-Arching" after the "de-Arching" :) If a country has gone sufficiently rogue to invade a neighbour, respect for property[0][1] - and by extension trademarks - appears to matter very little, at least for now? [0] https://edition.cnn.com/2022/03/16/business/russia-aircraft-... [1] https://www.bbc.com/news…
Something that has been bugging me for some time (genuine question, please forgive me lack of geopolitics/economy understanding) is this: Supposing we want to hurt Russian economy - how are we hurting it by stopping selling them licenses/branding/machines to make and sell burgers and fries? Are we not ripping them off money if we sell to them? As in: we gain, they lose? I understand we don't want to sell advanced tec…
Well, McDonalds, Inc. is not necessarily doing this to hurt the Russian economy. They are doing it to save money. The war and the Western sanctions have limited their ability to operate restaurants in Russia. Because of this, they have shut down their restaurants while continuing to pay staff, leases on their buildings, etc. This means they have a constant outflow of cash to Russia which they want to stop. Shutting d…
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It's about image. The most powerful weapon the west has isn't nuclear bomb but its culture and image. McDonald's business is a drop in the bucket in the tax revenue for the Putin regime. But if you (Putin) wants to claim that Russia is a powerful country, it needs to project an image of wealth, stability, etc.. McDonald, Starbucks, etc helps with that image.
Playing word association the word that doesn't come to mind when you say "McDonalds patrons" is wealthy.
So yes, in the US/EU etc, McDonalds is seen as "cheap" food, but in places like Asian countries like Thailand, McDonalds is considered "middle class".
Earlier quoted context omitted.
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.
Diagonally?
Something that has been bugging me for some time (genuine question, please forgive me lack of geopolitics/economy understanding) is this: Supposing we want to hurt Russian economy - how are we hurting it by stopping selling them licenses/branding/machines to make and sell burgers and fries? Are we not ripping them off money if we sell to them? As in: we gain, they lose? I understand we don't want to sell advanced tec…
Earlier quoted context omitted.
Yeah, in the short term, any property rights of foreign organizations in russia is probably not something to rely on. On the other hand, regimes do fall and organization can survive long enough for the policy in russia to change. So it makes sense at least have a claim for trademark (because right now it is really a claim, not a property, since russia can take it away any time it wants)
Remember that the local Coca Cola branch survived in Nazi Germany during the war and even launched a new product: Fanta.
Something that has been bugging me for some time (genuine question, please forgive me lack of geopolitics/economy understanding) is this: Supposing we want to hurt Russian economy - how are we hurting it by stopping selling them licenses/branding/machines to make and sell burgers and fries? Are we not ripping them off money if we sell to them? As in: we gain, they lose? I understand we don't want to sell advanced tec…
Sanctions don't work. The goal of sanctions is not to hurt Russia. The only thing sanctions accomplish is to give a feeling of self-righteousness.
Russia thought it had protected itself by having low foreign debt and large foreign reserves. What it didn't count on was that the US and EU reserve banks would freeze its foreign reserves, while also getting SWIFT and the MC/Visa payment networks to disconnect from the Russian banking system.
There currently is no alternative for foreign currency exchange and Russia has had to engage in much less efficient and expensive (because they are being made to pay through the nose) foreign exchange through China's nascient payment systems, which means they are exchanging rubles for yuan, instead of USD/EUR.
Earlier quoted context omitted.
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.
Finally a use for Bitcoin?