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Russia Seizes Over 650,000 Acres Of Farmland And Other Assets From Company With Ties To 'Unfriendly' Country

In a significant escalation of its retaliatory measures against “unfriendly” states amid heightened geopolitical tensions, Russia has seized assets of the agricultural holdings company AgroTerra Group.

The move, announced on April 8, 2024, has sent shockwaves through the agricultural sector and raised concerns over food security and international trade relations.

President Vladimir Putin’s decree places Dutch-registered firms AgroTerra Investments B.V. and AgroTerra Holdings B.V. under the “temporary management” of Rosimushchestvo, Russia’s federal property management agency.

This action follows a series of similar asset seizures targeting Western companies, including multinational brewer Carlsberg and dairy giant Danone, which have sought to divest their Russian operations in response to the ongoing conflict in Ukraine.

AgroTerra, founded in 2008, is a major player in the agricultural industry, specializing in the production and supply of commodities such as soybeans, wheat and sugar beet.

The company is recognized as one of the top 20 largest owners of agricultural land in Russia, with a cultivated area of approximately 265,000 hectares (654,829 acres).

According to the Atlantic Council, aid to Ukraine is seen as a strategic investment for the U.S. rather than charity. Key points from the article include:

▫️Aid to Ukraine comes at a price, but can strengthen both the economic and national security of the United States.
▫️The ongoing war in Ukraine is depleting the Russian arsenal and weakening the military power of the Russian Federation. American arms exports to Ukraine stimulate the U.S. economy and reinforce U.S. global leadership in armaments.
▫️The war provides invaluable intelligence on Russian tactics, helps improve U.S. and NATO defense strategies, and serves as a testing ground for U.S. weapons systems.
▫️The defense industry, driven by war and deterrence, has seen a surge in revenues for major defense contractors, injecting significant capital into local economies and creating jobs.
▫️Despite these economic benefits, some Senators and Representatives whose states or districts benefit from defense contracts have voted against aid to Ukraine for purely political reasons. The defense industry relies on components and subcomponents sourced and manufactured in various states and districts, benefiting a wide range of congressional districts.
▫️Combat operations in Ukraine allow for a detailed assessment of U.S. capabilities and effectiveness against a formidable adversary, as well as the identification of the Pentagon's shortcomings and vulnerabilities.
▫️The war has significantly weakened the Russian Federation, draining its military strength and resources.
▫️A defeat of the Russian Federation in Ukraine would not only strengthen China's deterrence, but also prevent an escalation around Taiwan.

Russians have executed at least 54 Ukrainian prisoners of war since the beginning of the full-scale invasion.

The Prosecutor General's Office has 27 criminal investigations into their execution and is targeting not only the perpetrators and the responsible command, but also the highest military and political leadership, says Yuriy Belousov, head of the Department for Combating Crimes Committed in the Context of Armed Conflict.

He added that the executions of Ukrainian soldiers are not isolated cases, but evidence of Russia's policy.

The flood has reached a city of half million

A new report from Oslo-based Arctic Securities estimates today that around 20% of Russia’s refining capacity has been knocked offline with as much as 3m more barrels per day at risk from increasingly daring raids by Ukrainian drones. The 20% estimate is a significant jump from last week’s 15% estimate from NATO and comes as flooding over the weekend took out another Russian refinery.

Kyiv’s strategy to target its enemy’s oil refinery infrastructure has also forced Russia, traditionally a net exporter of gasoline, to tap its neighbours for emergency fuel supplies.

“Recent Russian efforts to import gasoline from Belarus and Kazakhstan indicate that Russia is likely increasingly concerned about the immediate domestic supply of distillate petroleum products following Ukrainian strikes on Russian oil refineries,” the Washington DC-based Institute for the Study of War (ISW) said in a note yesterday.

“As of now, 10 refineries have been struck and estimations suggest total capacity hit YTD is above 1m barrels per day, which represents ~20% of total capacity, with another 3m barrels per day at risk,” Arctic Securities reported in a note to clients, which included a map of the attacks (above).

🇺🇦@ukraine_report 🇺🇦🔱 Liz

splash247.com/russia-forced-to

🇨🇭🇺🇦Switzerland allocates 5 billion Swiss francs (a little more than 5 billion euros) for the reconstruction of Ukraine. This sum must be committed by 2035, and 1.5 billion Swiss francs have already been allocated for 2028.

The decision was made by the Federal Council on Wednesday, April 10.

In this way, Switzerland is sending a "strong signal of solidarity" with the victims and contributing to stability throughout Europe.

In particular, this money will help prevent migration flows. According to the Swiss government, the total cost of restoration work is estimated at around 440 billion Swiss francs.

According to the World Bank, $486 billion is needed to restore Ukraine. This assessment is based on a damage and needs analysis, co-financed by Switzerland.

Switzerland is already supporting projects in Ukraine aimed at restoring destroyed civil infrastructure in the energy, road and medical sectors.

In addition, Switzerland and Ukraine jointly launched a large-scale political recovery process at the Lugano Conference on Recovery of Ukraine in July 2022.

🇺🇦@ukraine_report 🇺🇦🔱 Liz

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