Moscow's Sheremetyevo airport to join China Friendly program this yearBusiness & Economy March 23, 16:48
Moscow doubts Kiev will conduct impartial probe into ex-Russian MP’s murderRussian Politics & Diplomacy March 23, 15:52
IS claims responsibility for London terror attack — mediaWorld March 23, 15:48
Putin says snap check shows National Guard’s high skillsMilitary & Defense March 23, 15:43
Russia’s General Staff to strengthen troops in western, Arctic directionsMilitary & Defense March 23, 15:38
World War II through the lens of TASS' legendary photographerSociety & Culture March 23, 15:20
Kremlin slams absurd claims about alleged ‘Russian link’ to politician's murderRussian Politics & Diplomacy March 23, 15:13
Putin promises four-fold rise in Russian precision weaponry’s strike potentialMilitary & Defense March 23, 15:10
Ukraine’s top military brass labels blasts at ammo depot as ‘act of sabotage’World March 23, 14:41
NEW YORK, April 02. /ITAR-TASS/. JPMorgan Chase will seek explanation from the American authorities over sanctions that had earlier been introduced against Russia, the bank said in a statement on Tuesday in response to an ITAR-TASS request to explain the reasons for blocking by JPMorgan a transfer by Russia’s embassy in Astana, the capital of Kazakhstan, to Sogaz, an insurance company part-owned by Bank Rossiya, one of the targets of US sanctions announced on March 20.
“As with all US financial institutions that operate globally, we are subject to specific regulatory requirements,” says a statement forwarded by JPMorgan Chase spokeswoman Jennifer Zuccarelli. “We will continue to seek guidance from the US government on implementing their recent sanctions.” The bank declined further comment.
There is a lot of confusion ... as to what might be the full scope of the sanctions and what we are hearing is while the sanctions are specific, a lot of US companies are adopting a much more risk-averse or cautious approach. There is almost self-sanctioning going on Chris Weafer partner at Macro Advisory
According to American media reports, Sogaz is partially owned by the Abros company which, in turn, is a subsidiary of Bank Rossiya, against which Washington in March had introduced sanctions under the pretext that Bank Rossiya was controlled by persons from the inner circle of the Russian leadership.
The Russian Foreign Ministry said on Tuesday that it regarded unacceptable JPMorgan Chase’s decision to block the Russian embassy’s money transfers to Sogaz under the pretext of anti-Russian sanctions imposed by the United States in response to reunification of Crimea with Russia.