Russia Set to Confiscate $439 Million from JP Morgan After US Passes Bill to Transfer Seized Russian Assets to Ukraine
The directive issued by a St. Petersburg arbitration court not only captures JPMorgan’s cash reserves in Russia but also extends its grip to both movable and immovable assets of the bank, including significant shares in its Russian subsidiaries. The court’s decision emerges from a lawsuit initiated by VTB aiming to recover the frozen funds, alleging that JPMorgan’s planned exit from Russia exacerbates the financial strife. The next discussion in this legal tangle is scheduled for July 17, promising further developments in this high-stakes financial drama. https://www.thegatewaypundit.com/2024/04/russia-set-confiscate-439-million-jp-morgan-after/
watso has no idea how many investments that american companies have in ukraine .. suffice to say that they are probably invested in income producing assets ..
the $6bn that the americans will seize - will disappear .. maybe pay for a few artillery shells blah blah ..
watso can see russia being the winner of this game of seizing assets .. which would be par for the course anyway - as everything that the west has tried so far - has backfired ..
in other news - the australian galah (chalmers) sure has learned to parrot his lines about ukraine fighting the good fight on behalf of the rest of the world ... oh and of course the $$$$$$'s being given to ukraine is saving lives .. (watso would like to have that explained to him )
anyway - ukriane need men.. watso would fully support albo showing real commitment and send in 10,000 australian troops to help the ukrainians to fight the good fight
