The comments made at Valdai \u0027should be called out for what they are: disinformation and regime propaganda,\u0027 says Mélanie Joly\u0027s office
But Dmitry Timofeev, head of the department of control over external restrictions in the Russian finance ministry, predicted that few countries would follow Canada’s lead. Private property is a “fundamental myth which underpins much of the value system” in Western countries and confiscating it would be a departure from those principles, he argued, according to Valdai.
Sapir said foreign investment is a major element of globalization. Adopting laws that threaten the “inviolability” of such capital could deflect investment away from those countries and “lead to a split of the world into different regions and the end of globalization,” he said.
“Is this going to take down the rating of countries like Canada to a level where investors are going to respond?” Garred asked. “It seems unlikely this is the one step to do it.”
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