“JPMorgan Chase” and “Goldman Sachs” Are Done With Russia

by Olha Povaliaieva
Wednesday, June 15, 2022
“JPMorgan Chase” and “Goldman Sachs” Are Done With Russia

US investment banks refused to trade the debts of the aggressor country

On June 14, the most significant investment banks JPMorgan Chase and Goldman Sachs announced the termination of trading in sovereign and corporate debt of the Russian Federation.

A few days ago, Washington ordered the termination of the interaction of money managers in the United States with debts and shares of the Russian Federation. And today, according to Bloomberg, the first financial institutions have accepted the conditions.

"In accordance with the updated order of the US Department of the treasury and the termination of Goldman Sachs activities in Russia, the bank will no longer carry out certain activities to generate market activity in relation to Russian companies," Goldman Sachs speaker.

JPMorgan Chase's source also confirmed the termination of the bank's work with Russian debt.

The ban is one of the tools of the US sanctions package against a country that illegally and unprovokedly attacked the independent and sovereign state of Ukraine.

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