Critics urge Ottawa to block Russian investment in Canadian-owned lithium mine

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\u0027There is absolutely no way that such an investment should be allowed to go forward\u0027

some U.S. lawmakers and Conservative MPs who argued it could endanger a supply of a metal crucial to the production of electronics and electric vehicles.Article contentexplicitly that in the wake of Russia’s Feb. 24 invasion of Ukraine it will consider an investment that “has ties, direct or indirect, to an individual or entity associated with, controlled by or subject to influence by the Russian state” to be potentially injurious to national security, “regardless of its value.

“It was China, but now we’re talking about a Russian company. Both of these countries are authoritarian regimes with which Canada has very difficult relations. They’ve demonstrated in the past that they will use their control over resources as a weapon, so to speak, to pressure other countries to get what they want to punish other countries for policies that they don’t agree with.”Article content

It’s unclear what the current status is of the deal between Alpha Lithium and Uranium One.

whether it is already reviewing the Alpha Lithium deal, citing confidentiality provisions of the law. But it said its recent crackdown on national security reviews of Russian investments “applies to current and future transactions reviewed under the ICA.”Article content

 

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No thought on this needed!!

There should be no foreign investment from authoritarian regimes in Canada. Period

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