Comments by "seneca983" (@seneca983) on "Russia's Largest Bank Is On The Brink of Failure" video.

  1. Note that the ADRs might become worthless even if Sberbank stock doesn't. Though they should represent a claim equivalent to actual stock there's no guarantee that that will be honored during exceptional circumstances like these. That might at least partly explain the ADR prices.
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  2. Putin doesn't care if ordinary Russians are plunged into destitution. His grand designs are more important to him so to him the sacrifice is worth it.
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  3.  @cpm1003  Standard & Poor's
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  4. Those alternatives are used in far fewer countries. It's still a major hurdle if you can't use SWIFT.
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  5.  @rnegoro1  I don't think sanctions prevent you from buying ADRs, at least not at this moment. Even if they did there would be people with previous holdings before the sanctions.
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  6.  @NYSMCOM  The issuer of ADRs should hold an equivalent amount of the underlying stock. If that's a non-Russian bank it could find its Sberbank stock seized by the Russian authorities. Russia could also nationalize the bank and decide to only compensate domestic owners.
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  7.  @NYSMCOM  They could also only seize foreign-owned shares or even just a some subset of them.
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  8.  @archingelus  But that doesn't mean it's good for business. It might be if you're a weapons manufacturer but most other businesses will suffer.
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  9.  @RR-ll2ns  The burden on Western citizens is going to be smaller than on Russian citizens.
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