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Russia in Guinea, the Expropriators Get Expropriated

Robert Amsterdam (September 11th, 2009) Writes:

Russia has done a good job cementing its title as one of the world's leading resource nationalists, having effectively expropriated and stolen the assets of dozens of companies, including Yukos, Royal Dutch Shell, BP, and probably ExxonMobil next at Sakhalin.But when it happens in Africa to a Russian company owned by a Kremlin-friendly businessman, the government is up in arms in protest and threats.  I can sympathize with them given my international law practice area ... now that would be an interesting call to take.From Bloomberg:

"Guinean authorities have attempted to expropriate Rusal's property," Russia's Foreign Ministry said in a statement on its Web site today, adding it hopes Guinea "realizes the possible consequences of such actions both for the overall climate of traditionally constructive Russian-Guinean relations and for the socio-economic situation in their own country."...

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