Originally posted by lord of the mark
Serb is having difficulty with the English language. Nationalization does not mean confiscation. We refer to the nationalization of the British coal industry by the Atlee govt for example, but that was quite legal.
Serb is having difficulty with the English language. Nationalization does not mean confiscation. We refer to the nationalization of the British coal industry by the Atlee govt for example, but that was quite legal.
Nationalization - A government takeover of private property or operations. The government may or may not compensate the property owners.
I insist that in Yukos's case, a company controlled by the government of Russian Federation BOUGHT on competitive basis (auction) assets of Yukos. It was an absolutely legal purchase, not a takeover with or without a compensation (like it is in case of your beloved pro-western, democratic, liberal, ***** you've installd in Ukraine).
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