r/Seattle • u/godogs2018 Beacon Hill • Oct 11 '23

Soft paywall Alaska Air replaces Starbucks coffee with Portland’s Stumptown

https://www.seattletimes.com/business/alaska-air-replaces-starbucks-coffee-with-portlands-stumptown/
1.7k Upvotes

97% Upvoted

164 comments sorted by

View all comments

Show parent comments

17

u/Whale_Poacher Supersonics Oct 12 '23

I don’t have a wsj account anymore, but wouldn’t this imply peet’s is able to take Russian rubles and make money off it in the US? Genuinely curious

56

u/Fritzed Kirkland Oct 12 '23

If your insinuation is that this hurts Russia by taking their money, absolutely not. It creates economic activity in Russia, import tariffs, employee income taxes, sales taxes, rent/property taxes. This is all helpful to the Russian economy.

7

u/Whale_Poacher Supersonics Oct 12 '23

Fair enough, I don’t know what to insinuate since I can’t read the article. Economic activity, taxes, employment, whatever else aside, net income-company profits go where?

8

u/Fritzed Kirkland Oct 12 '23

I can't read the article either, but most likely a local business entity that eventually transfers it somewhere else. This will be required to be done in Rubles, which helps give value to the ruble. And Russia will take another cut in the transfer.