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Russian subsidiary of JP Morgan scaling up Russian assets

The company tops the list of foreign investment banks in Russia in terms of the asset size

MOSCOW, November 20. /TASS/. J.P. Morgan Bank International, a subsidiary of US-based JP Morgan Chase, boosted Russian assets by 48% from March 2022, the Kommersant newspaper reports, citing reporting statements of the bank.

The company tops the list of foreign investment banks in Russia in terms of the asset size, the newspaper said. According to statements under the Russian Accounting Standards, bank’s assets gained 48% to more than 203 bln rubles ($2.3 bln). Liabilities of the bank soared almost twelve-fold from the start of 2022 and amounted to 180.3 bln rubles ($2 bln) as of the end of the third quarter of 2023.

Other foreign investment banks predominantly lowered their assets, the news outlet said.

Eurasian Economic Union

EAEU leaders gather in Kremlin for anniversary summit

The heads of state will first discuss the results and future prospects of the EAEU, and then the meeting will be expanded to include members of the delegations

Australian Navy’s destroyer, helicopter impede Chinese drills in Yellow Sea — top brass

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Aleksandar Vucic greets Chinese leader at Belgrade Airport

The ceremony on the occasion of the visit of the 400-strong Chinese delegation will take place at Palata Srbije

FSB declassifies Hitler aide’s testimony how Red Army rescued Allies in Ardennes in 1945

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Double standards with regard to Russia make US look pathetic — experts

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West plotted aggression against Russia on eve of special military operation — top brass

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US sees no signs indicating Russia’s plans to use nuclear weapons — Pentagon

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UN chief to send letter to Putin in connection with inauguration — spokesman

"A letter will be sent by the secretary general as he does whenever new head of state is inaugurated or reinaugurated," Stephane Dujarric said

Kiev troops presumably used ATACMS missiles to strike Lugansk — politician

"Missiles hit an oil storage facility within city limits," Vladimir Rogov said

Ukrainian army leaving positions near Avdeyevka over Russia’s incessant gunfire — POW

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Putin’s inauguration kicks off in Kremlin

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French tired of supporting Ukraine — war correspondent

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Kiev forces view journalists wearing 'press' vests as primary target — war reporter

Christelle Neant recommended using small "press" labels in order to help Russian troops identify media workers

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Ukraine loses several hundred servicemen near DPR’s Novopokrovskoye due to lack of defense

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Russian sniper reports elimination of Ukrainian serviceman wearing helmet with SS emblem

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Russia hammers Ukrainian energy, military sites in retaliatory strike — top brass

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Kremlin sees Ukrainian petition for deployment of NATO troops as dangerous provocation

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Cuban president hails Putin’s taking presidential office for another term

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Attack on Soviet Union was OUN’s aim from outset — declassified archives

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Pashinyan arrives in Moscow for summit, meeting with Putin

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The atmosphere in society has changed, now "reliability, mutual responsibility, sincerity, decency, nobility and courage" are highly valued, the Russian leader stressed

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Southern neighbors of US to regain stolen lands — Russian Security Council’s secretary

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Ethnic Poles and Georgians account for the largest groups of mercenaries in the Ukrainian army

Putin may propose candidate for prime minister as early as today — spokesman

Dmitry Peskov recalled that after the inauguration, the Russian government resigned and the members of the Cabinet continued to work in the status of acting ministers

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Ukrainian companies report damage to energy facilities

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Belgium explains absence of ambassador at Russian president’s inauguration ceremony

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China congratulates Putin on assuming post of Russian president — diplomat

Vladimir Putin has been inaugurated as Russian president for the fifth time

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Russian air defense forces shot down a Ukrainian Su-27 fighter jet and 23 unmanned aerial vehicles over the past day

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Xi Jinping arrives in Serbia on his first visit in eight years

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Indonesian ambassador says Su-35 fighter jets contract remains in force

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US envoy leaves Russia for certain amount of time — senior Russian diplomat

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Russia puts former Ukrainian lawmaker on wanted list

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Euroclear fighting over 100 lawsuits in Russian courts against investors demanding refund

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Russia wants no country to interfere in its election process — Kremlin spokesman

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Senior Russian diplomat, Libyan general discuss ensuring Libya’s sovereignty

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US accuses Russian Khoroshev of creating LockBit cyber-crime gang — Department of State

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Putin says Russia had to use force to defend people in Donbass as peaceful means failed

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Ukraine approves bill on drafting convicts for military service

279 parliament members had voted in favor of the document