Russian President Vladimir Putin authorized a U.S. hedge fund to purchase securities in Russian companies from 11 other funds, mostly based in the U.S. and U.K., according to a presidential decree published Monday(…)

In addition, two Russian companies, Tsefey-2 and Sovremennye Fondy Nedvizhimosty, are authorized to buy 683 Capital’s securities without needing Putin’s approval (…)

Separately, U.S. and Russian representatives have made preliminary contacts regarding collaboration with Russia’s state-controlled energy giant Gazprom, Bloomberg reported last week, citing anonymous sources. Putin mentioned the possibility of U.S.-Russian energy cooperation on Thursday.

( Moscow Times is based in the EU and is considered reliable)

  • GingaNinga@lemmy.world
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    1 day ago

    Just out of curiosity has anyone ever attempted outright using financial instruments as weapons of war? Like a sovereign nation outright purchasing ungodly amounts of puts or shorting an entire nation? Is that a thing?

    • HakFoo@lemmy.sdf.org
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      23 hours ago

      Operation Bernhard is a literal example. The Nazis tried to flood thr UK with counterfeit notes to undermine their economy.

    • Riddick3001@lemmy.worldOP
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      1 day ago

      using financial instruments as weapons of war

      Tariffs and sanctions are usually “cheaper” and more popular.

    • Brave Little Hitachi Wand@lemmy.world
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      1 day ago

      Dollar doliplomacy is the relevant search term. Not sure if it’s ever gone quite that far. Puts aren’t going to be a sure thing on their own but they might have uses as part of a larger strategy, such as with death spiral financing (using badly structured convertible debts in hand with shorting to cause the collapse of a company). It’s not impossible to imagine state actors engaging in this sort of thing against strategic firms in enemy countries, but I’d be surprised to see any public record of such.