Wednesday, June 15, 2022

French Helping Russia

So-called exemplary company

In France, Thales is not just a public company. There are three arguments to support this assertion.

1) The company specializes in the manufacture of systems for military, aerospace and maritime purposes

2) The company's shares are listed on the Paris Stock Exchange

3) It is not so much the private shareholder (the Dassault family with its 24.62% share) that is important, but the French government and its 25.67% share. Simply put, a company that is more than a quarter controlled by the French government, exports components that kill Ukrainians.

Saw an article about a French company selling equipment to Russia but doesn't come as a surprise. Remember, France helped the Nazis in WW2 at the start and their Navy had to be destroyed by allied forces before they could be used to help Germany.

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