Russia’s foreign ministry has threatened to impede the operations of American diplomatic missions in the country, after U.S. bank JPMorgan Chase on Tuesday blocked a remittance from the Russian embassy in Kazakhstan to an insurance agency.
The Russian embassy had been due to transfer less than $5,000 to the Sogaz Insurance Group for regular services rendered, according to the Financial Times, but JPMorgan halted the transaction as Sogaz was part-owned by Bank Rossiya, one of the targets of US sanctions announced on March 20. Continue reading “Russia Threatens Retaliation After JPMorgan Blocks Embassy Money Transfer”

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