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Russia reacts to JPMorgan Chase blocking diplomatic transfer on ‘sanctions’ pretense

Published time: April 01, 2014 21:21
AFP Photo / Timothy A. Clary

AFP Photo / Timothy A. Clary

The Russian Foreign Ministry has sharply reacted to the “illegal and absurd” blocking of a Russian diplomatic transaction by US bank JPMorgan Chase due to “sanctions.” Moscow warned that such moves might backfire for the US diplomatic mission in Russia.

JPMorgan Chase blocked a money transfer on behalf of the Russian Embassy in Kazakhstan to insurance company SOGAZ, Russian Foreign Ministry spokesman Aleksandr Lukashevich said in a Tuesday statement. The bank cited sanctions imposed by the US government against some Russian politicians and companies in connection with the situation in Ukraine, he said.

Lukashevich condemned the move as an “absolutely unacceptable, illegal and absurd decision,” saying that the sanctions were merely a “pretense.”

“If by this the American financial company wanted to 'score points' in the eyes of the White House, it has obviously overplayed. Washington has to understand: any hostile action towards the Russian diplomatic mission not only represents a breach of the international law, but is also fraught with counter measures, which will inevitably affect the work of the US Embassy and consulates-general in Russia,” Lukashevich stressed.

Thus, instead of flattering Washington, the bank did the Obama administration a “disservice,” the ministry official said.

Although SOGAZ was not mentioned in Washington’s sanctions against Russia, 51 percent of its shares used to be controlled by Rossiya Bank, owned by Russian businessman Yury Kovalchuk, who was included on the list. However, on March 11, SOGAZ regained its controlling stake after buying shares from the bank’s subsidiary, Abros.

Comments (35)


DoAskDoTell 02.04.2014 13:13

PRINTING "toilet paper dollars" AND then ARGUING about IT
=> creating Wealth ("opinion as worth" by bankers)
=> MIS-pricing of Industry (see bailouts/subsidies)
=> Mis-pricing of Everything (see your wage, edu.)
=> WASTES E-con-omy is cannibalizing our planet (war cannibalized itself) (Negative Energy Returns)

Ne xt, your bank accts have 'reforms', 'hair cuts'?

IMF/ Monopoly Multinationals/ Nato/ Nsa/ Fed cartels are ALL *Too Big Too Unstable Too Insane... To Survive*. Let mabsters of *take, plunder, take* RIP.


Peter Anderson 02.04.2014 12:37

Time to bring the whole rotten system down. Government debt enslaves nations. How can it be moraly justified that poor people are going hungry and taxes are being used to pay the interest on debt.

The people never created the debt but we are forced to pay it.

This system makes war profitable to money lenders, the deeper nations are in debt the more power the money lenders have.

They have created a financial monopoly over all key areas of our lives. The corperations are pushing cultural socialist policies on us without any authority. Universities are controlled by the same people.

Gov ernment debt should be outlawed


Little Dwarf 02.04.2014 11:08

Andrew 02.04.2014 10:19

That's what Russia gets for not knowing how to be a civilized country and constantly harassing, threatening, and stealing from Ukraine.


Yo u and such dumbasses like you have no clue what you got yourselfs in to. Your beloved US already took all your gold into their Federal Reserve for "safekeeping&qu ot; which you should forget about getting back. Furthermore, EU+ IMF will be stealinig from Ukraine for years to come... Good luck with austerity... I am really sorry for ordinary Ukraine people.

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