Moscow threatens US with retaliation after JPMorgan blocks diplomat's fund transfer

Moscow reacts as US sanctions against Russia following its annexing of Crimea started to take effect with JPMorgan Chase blocking a money transfer by a Russian diplomat

PUBLISHED : Wednesday, 02 April, 2014, 3:54pm
UPDATED : Wednesday, 02 April, 2014, 3:54pm

Moscow on Wednesday threatened retaliatory action against US diplomats after US bank JPMorgan Chase blocked a transfer of funds carried out by a Russian envoy.

Russia considered as “unacceptable, illegal and absurd the decision of JPMorgan Chase bank to block the transfer by the Russian ambassador in Astana [Kazakhstan] to insurance company Sogaz,” said Alexander Lukashevich, a spokesman for the Russian foreign ministry.

The move was carried out “under the pretext of anti-Russian sanctions introduced by the United States,” the spokesman added.

Sogaz is linked to Russian bank Rossiya, which is on the list of companies and individuals subject to US sanctions over Moscow’s move to annex Crimea.

“Washington should understand that any hostile action towards Russian diplomats is not only a gross violation of international law but also a prelude to reprisal measures that would not fail to have an impact on the work of the US embassy and consulate in Russia,” he said.

“JPMorgan Chase has therefore done a disservice” to the US administration, added the spokesman.