Wednesday, March 2, 2022

Russia pays

Note: the SpaceX update will continue after a post or two regarding Ukraine's crisis

Pres. Putin of Russia sent troops to invade and attack the nation of Ukraine to steal it from its people on February 24. The Ukrainians are bravely fighting back.

There's a price to pay for this brutality, maybe a higher price than Putin expected. 

Sanctions were placed on 26 Russian billionaire individuals by the European Union this week, in addition to sanctions on hundreds last week. New this week is a $29 billion man who owns a majority stake in a Russian steel company. The sanctions include an asset freeze and a travel ban. The EU is going after heavy-weight influencers.

Shell Oil company, based in the United Kingdom, earned about $700 million in its investments in Russian energy projects last year, but they're going to leave the country. UK oil company BP is also pulling out, a decision which will cost the company billions.

Shell's CEO says, "We are shocked by the loss of life in Ukraine, which we deplore, resulting from a senseless act of military aggression which threatens European security . . . We cannot - and we will not - stand by."

from Forbes and CNN

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