thx for posting, an interesting insight.
apologies for the multiple links below (spam?) just documenting the various developments for future group memory.
https://www.abc.net.au/news/2022-03-25/asx-wallstreet-markets-currencies-commodities/100938268
"Stock trading was suspended in late February after President Vladimir Putin invaded Ukraine and the Russian market fell by more than one-third in a day. The Moscow stock exchange resumed trading overnight for four hours in 33 Russian stocks including oil and gas giant Gazprom and Sberbank. "
Falcon Oil and Gas market cap is ~$172M
https://au.finance.yahoo.com/quote/FO.V/
https://www.accr.org.au/news/origin-energy-rio-tinto-must-act-on-sanctions/
"The Australasian Centre for Corporate Responsibility (ACCR) is calling on Origin Energy (ASX:ORG) and Rio Tinto (ASX:RIO) to take immediate action to quarantine the interests of both Oleg Deripaska and Viktor Vekselberg in their respective joint ventures."
idk what to make of the developments. I can't see the board breaking existing investment agreements without explicit direction from the Australian Government. Despite the activism blowback. Sure it will cost some social media points, public memory is short and the consumer wallet outvotes the activism.
originbeetaloo.com.au
https://www.originenergy.com.au/about/investors-media/statement-on-beetaloo-basin-joint-venture/
https://www.abc.net.au/news/2022-03-18/sanctions-russian-billionaire-viktor-vekselberg-nt-beetaloo/100921108
https://www.abc.net.au/news/2022-03-18/oleg-deripaska-gladstone-alumina-refinery-australia-sanction/100920488
It's not clear exactly how the Au government is imposing sanctions.
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thx for posting, an interesting insight. apologies for the...
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