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From Reuters
Sanctions push last Western hotel chain out of Crimea
MOSCOW/SEVASTOPOL, Crimea (Reuters) - U.S. firm Best Western Hotels & Resorts, the last Western hotel chain still in Crimea, has pulled out because of sanctions imposed after Russia annexed the region from Ukraine, two hotel employees said.
“The Best Western Sevastopol Hotel”, a Soviet-era building on the quayside in the port of Sevastopol was one of the few visible signs of an international business presence left since the 2014 annexation. Other major brands, among them McDonald’s Corp and Radisson Hotels have already quit Crimea.
The hotel is still running but branding identifying it as a Best Western hotel has been removed from the building and is now identifying itself on booking sites under the name “Sevastopol Hotel and Spa.”
The ending of Best Western’s presence this year shows that, even four years after the sanctions were first imposed by the United States and the European Union, they are still forcing Western investors out of Crimea.
COMMENT:-
There's a GREAT business opportunity here for someone who has a "legal opinion" that they are above the laws of the United States of America, who is (statutorily) exempt from any "conflict of interest" regulations, and who is involved in the hotel industry.
Do you know anyone like that?
Sanctions push last Western hotel chain out of Crimea
MOSCOW/SEVASTOPOL, Crimea (Reuters) - U.S. firm Best Western Hotels & Resorts, the last Western hotel chain still in Crimea, has pulled out because of sanctions imposed after Russia annexed the region from Ukraine, two hotel employees said.
“The Best Western Sevastopol Hotel”, a Soviet-era building on the quayside in the port of Sevastopol was one of the few visible signs of an international business presence left since the 2014 annexation. Other major brands, among them McDonald’s Corp and Radisson Hotels have already quit Crimea.
The hotel is still running but branding identifying it as a Best Western hotel has been removed from the building and is now identifying itself on booking sites under the name “Sevastopol Hotel and Spa.”
The ending of Best Western’s presence this year shows that, even four years after the sanctions were first imposed by the United States and the European Union, they are still forcing Western investors out of Crimea.
COMMENT:-
There's a GREAT business opportunity here for someone who has a "legal opinion" that they are above the laws of the United States of America, who is (statutorily) exempt from any "conflict of interest" regulations, and who is involved in the hotel industry.
Do you know anyone like that?
