Russia targets western companies
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 19 July 2023
⏱️ 10 minutes
🧾️ Download transcript
Summary
Big investment banks are turning more bearish on the dollar, and Europeans struggle with a near-record heatwave. Plus, the FT’s Anastasia Stognei explains why Russia is starting to seize assets from food and beverage companies.
Mentioned in this podcast:
Kremlin oligarchs circle Danone and Carlsberg’s Russian assets
Wall Street banks ditch bullish dollar bets over ‘soft landing’ hopes
Scorching Europe struggles to adapt to near-record temperatures
Carlos Ghosn says he filed $1bn lawsuit so Nissan managers cannot ‘sleep quietly
Reuters: Carlos Ghosn speaks online at Japan press conference
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.4 | Learn more at equinole.co.uk |
| 0:12.8 | Good morning from the Financial Times. Today is Wednesday, July 19. |
| 0:16.4 | This is your FT News Briefing. |
| 0:19.7 | A weaker US dollar has got currency watchers flummoxed, |
| 0:23.2 | and Europe's heat wave is nearing record highs. |
| 0:27.0 | But first, Russia is seizing assets from Western companies. |
| 0:30.6 | We'll take a look at what that means for friends of the Kremlin. |
| 0:33.7 | I'm Mark Filipino, and here's the news you need to start your day. |
| 0:47.0 | Western companies have been trying to leave Russia since Moscow's full-scale invasion of Ukraine |
| 0:51.6 | last year, and Russia has been making that very difficult. It recently started seizing the |
| 0:56.8 | assets of Western companies as a way to get back the U.S. and European countries for their |
| 1:01.8 | sanctions. And on Sunday, President Vladimir Putin took it a step further. You ordered the state |
| 1:07.7 | to seize Denon and Karlsberg's Russian operations, the dairy and alcohol companies. |
| 1:13.1 | Now, the FT has discovered that he did it for businessmen close to the Kremlin. |
| 1:17.7 | The FT's Anastasia Stagni has been reporting on the story, and she joins me now. |
| 1:21.9 | Hi Anastasia. Hi, Mark. |
| 1:24.1 | So, what do we know about the people who want Denon's and Karlsberg's assets? |
| 1:27.9 | In Russia now, it's not like all these deals do not really happen within the commercial space. |
| 1:34.9 | They happen within the political space, and there is a lot of groups which are |
| 1:39.3 | waiting for these assets. So, for example, we were told by many sources that Karlsberg is wanted |
| 1:45.1 | by Kovalchuk brothers. Kovalchuk brothers are childhood friends of Vladimir Putin. He's really |
... |
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