Rees-Mogg investment firm offloads Russian bank shares amid Ukraine tensions:
Avoiding the current chaos in the Moscow Stock Exchange which is rooted in the fact that Vladmir Putin is building a troop to fight the tensions on the Ukraine border. Somerset Capital Management, realised that Sberbank’s share value plummeted post the military push. As a result Mr Rees- Mogg advised the firm to cash in their stakes and warns that we must not be in kahoots with Russia and Putin after the poisoning of the officer in 2018 in Salisbury. Interestingly, Reese- Mogg has not worked for the firm in over 10 years , therefore the speculations over the personal benefit over this decision is large.
Would you cash in on your assets or keep them despite the currently depreciating value?