VT Foreign Policy

A St. Petersburg court ordered the freezing of funds owned by US banking giant JPMorgan Chase (among the main investors in the Weapons Lobby – Gospa News ed) in Russia on Wednesday. The ruling was made in favor of the country’s second-largest lender VTB, which ha filed a lawsuit seeking to recover $439.5 million that is blocked abroad under US-led sanctions. VTB sued JPMorgan and its subsidiaries in the Arbitration Court of St. Petersburg and Leningrad Region on April 17, court filings showed on Monday. The order targeted funds in JPMorgan’s Russian accounts and “movable and immovable property,” including the […] #Featured #Life #UkraineWar #WarZone #World Read Full Article: https://www.vtforeignpolicy.com/2024/04/russia-freezes-assets-of-largest-us-bank-putins-revenge-over-western-sanctions/?feed_id=11575

by Ahmed Adel, Cairo-based geopolitics and political economy researcher The Spanish proposal to give Kiev the benefits of Russian assets frozen in the EU generates confusion about their amount and creates doubt about its legality and presumed risks to financial stability. In addition, the EU will ruin its image as a destination for foreign assets if it continues this pursuit to finance Kiev with Russian assets. At the end of October, Ursula von der Leyen said that the European Commission is still working on a proposal to seize the profits derived from Russian state assets frozen in the EU and transfer […] #Featured #UkraineWar #WarZone #World Read Full Article: https://www.vtforeignpolicy.com/2023/12/spains-plan-to-help-ukraine-with-russian-funds-in-eu-unviable/?feed_id=7480