Anonymous ID: 27d768 April 25, 2024, 4:17 p.m. No.20778982   🗄️.is 🔗kun

Russia To Seize $440 Million From JPMorgan

 

https://www.zerohedge.com/markets/russia-seize-440-million-jpmorgan

 

JPMorgan said it faced "certain and irreparable harm" from VTB’s efforts, exposed to a nearly half-billion-dollar loss, for merely abiding by U.S. sanctions.

 

The order was the latest example of American banks getting caught between the demands of Western sanctions regimes and overseas interests. Last summer, a Russian court froze about $36mn worth of assets owned by Goldman following a lawsuit by state-owned bank Otkritie. A few months later the court ruled that the Wall Street investment bank had to pay the funds to Otkritie.

 

The tit-for-tat continues.

 

 

No Sheila Bair for you this time Dime