Online:
Visits:
Stories:
Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

JP MORGAN BULLY ON THE BLOCK? Furious Russia Will Retaliate! Calls JPMorgan Hostile! “Illegal And Absurd” Payment Block Could Supercharge New…

Wednesday, April 2, 2014 19:47
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Profile image
467
4
By Live Free or Die (Reporter)
Contributor profile | More stories
Furious Russia Will Retaliate! Calls JPMorgan Hostile! “Illegal And Absurd” Payment Block Could Supercharge New Cold War
Wednesday, April 2, 2014 7:14
0
http://ox-d.beforeitsnews.com/w/1.0/rc?cs=5125e7a33c8bf&cb=INSERT_RANDOM_NUMBER_HERE” >http://ox-d.beforeitsnews.com/w/1.0/ai?auid=326914&cs=5125e7a33c8bf&cb=INSERT_RANDOM_NUMBER_HERE” border=”0″ alt=”">

The brand new story below from Zero Hedge warns us that JPMorgan may have just supercharged the ‘new’ cold war while sending Russia into a frenzy due to an ‘illegal and absurd’ payment block by ‘hostile’ JPMorgan. A Before it’s News reader shares that at least Russia is going to the heart of the problem! Terming Russia’s present mood as ‘furious’, we learn that Russia WILL ‘retaliate’ and as the story clearly points out: As Ukraine found out last month, you don’t want to get Russia angry. Video reports also below.

We reported that “Monetary Blockade Of Russia Begins: JPMorgan Blocks Russian Money Transfer “Under Pretext” Of Sanctions.” This morning the story has finally blown up to front page status, which it deserves, where it currently graces the FT with “Russian threat to retaliate over JPMorgan block.” And unlike previous responses to Russian sanctions by the West, which were largely taken as a joke by the Russian establishment, this time Russia is furious: according to Bloomberg, the Russian foreign ministry described the JPM decision as “illegal and absurd.”  And as Ukraine found out last month, you don’t want Russia angry.

More:

The biggest U.S. bank thwarted a remittance from the Russian embassy in Astana, Kazakhstan, to Sogaz Insurance Group “under the pretext of anti-Russian sanctions imposed by the United States,” the ministry said yesterday in a statement on its website. Sogaz lists OAO Bank Rossiya, a St. Petersburg-based lender facing U.S. sanctions over the Ukrainian crisis, as a strategic partner on its website.

 

Interfering with the transaction was an “absolutely unacceptable, illegal and absurd decision,” Alexander Lukashevich, a ministry spokesman, said in the statement.

 

U.S. President Barack Obama announced the action against Bank Rossiya last month as part of a broadening of sanctions that targeted government officials and allies of Russian President Vladimir Putin, whose associates own Rossiya. The embassy’s transaction was for less than $5,000 dollars, a person with knowledge of the dispute said, asking not to be identified because such transfers aren’t public.

Did JPMorgan just move the second Cold War into semi-hot status? Very possibly



Source: http://nesaranews.blogspot.com/2014/04/jp-morgan-bully-on-block-furious-russia.html

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.