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[-] AllNewTypeFace@leminal.space 1 points 1 year ago

It used to be that Coca-Cola and Pepsi divided the sides in the Middle East between them (one sold their product in Israel, and was banned in much of the Arab world, which the other took). Now history may be repeating itself with the Russian invasion of Ukraine.

[-] charonn0@startrek.website 0 points 1 year ago

This is almost as dumb as Freedom Fries.

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[-] Dead_or_Alive@lemmy.world -3 points 1 year ago

They have a duty to try and maximize the return on investment for their stakeholders. Dumping all of their stock on the market at once would crater the value of those holdings. In the end the only people who would benefit would be those who picked up that stock cheap (probably the Russian Oligarchy). It would also greatly harm the Sovereign fund due to the losses incurred.

Selling off holdings slowly to try and minimize losses for the sovereign fund is the logical move.

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this post was submitted on 07 Sep 2023
789 points (98.5% liked)

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