Clown World Finds Out

It’s not as if Russia didn’t warn the clowns what the consequences of imposing sanctions would be.

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).

The decree’s impact on AgroTerra’s operations remains uncertain. A spokesperson for the company stated, “As of now, the Company has not yet received any further details regarding the decree on the transfer of shares within the authorized capital of the AgroTerra Group to the temporary management of Rosimushchestvo.” Despite the lack of clarity, the company has assured that it is continuing its operations as usual, with a primary focus on the ongoing sowing campaign.

This seizure is part of a broader trend of Russia targeting foreign-owned assets in retaliation for sanctions and other measures taken against Russian companies abroad. In April 2023, Putin signed an executive order allowing Russia to take over real estate, securities, property rights and other assets from foreign companies with ties to “unfriendly countries.”

No doubt there will be serious ramifications. And there can be little doubt that Clown World will continue to fail to learn from its failures, and resort to even more huffing, puffing, and foolish gestures, before doubling down by trying to sanction countries like China and Saudi Arabia.

The seeds of failure are planted by past success. It’s very rare for anyone who has had any degree of success to grasp that what worked yesterday may not work tomorrow, because the situations are different.

In the meantime, the Russians have completely destroyed the last of Ukraine’s coal-fired electricity plants and Kharkov, the second-largest city in Ukraine, is being evacuated.

“Very soon, the only topic for any international meetings on Ukraine will be the unconditional surrender of the Kiev regime, I advise all of you to prepare for this.” – Russian Representative to the UN, Vasily Nebenzya