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Yea here. https://belugagroup.ru/en/investors/news/changes-in-the-beluga-vodka-brand-ownership-/#:~:text=Due to the current political,to the trademark in Russia. Reading this really just highlights the propaganda element to so much of our local media. China for instance, look at all the superbly branded “national security measures” and “sanctions” and “restrictions” that WE have put in place on them. Russia too. When we do it, it’s branded as patriotic and heroic. “Protecting our interests” even. When they sanction us or impose similar restrictions on their products we re the first to scream foul and cry about financial terrorism….we cut off Russian oil bc it’s “the right thing”…Russia threatens to cutoff nat gas to Europe! On no the humanitarian horrors! It’s all just a stupid game.

A lot changed in the past several decades, yet much remains the same: concerns about the economy and the geopolitics Time magazine cover page in Feb 1984 and March 1984; doom and gloom couple of years later Chernenko died making way for Gorbachev and the economy did just fine

Who needs to boycott Bud Light when you have great vodka? My guy came through with some goods for Americas birthday. No Gold unfortunately.

If buybacks aren't making material dents in shares outstanding, if they are used to offset options dilution, if they are done at materially high prices but not when the stock is trading very cheaply, then don't give the company any credit for sensible return of FCF to shareholders and move on.