"JPMorgan described VTB’s attempt to recover the money in Russia as a “blatant breach” of its agreement to have disputes addressed in New York."
Why do you think they kept insisting that the only legal recourse the Russians had was in jew york?
"You took our stuff, now we're taking your stuff."
Neither Russia nor China care in the least what U.S. law prohibits anymore. The international system ended the moment sanctions were applied to Russia after the beginning of the special military operation and nothing is going to bring it back.
Pax Americana is over. Plan accordingly.
(BTW, the stores that McDonalds had to abandon in Russia because of sanctions, and were then taken over and rebranded by the Russians, are doing better than ever. The McDonalds in the US? Eh, not so much.)
BulletStopper 5 points 1 week ago
"Oy vey! More antisemitism!"
TFW the israel controlled us.gov and eu thought that whole sanctions and "taking other peoples money because we can" thing was only a one-way ratchet.
https://www.reuters.com/business/finance/russian-court-orders-seizure-jpmorgan-chase-funds-vtb-lawsuit-2024-04-24/
"JPMorgan described VTB’s attempt to recover the money in Russia as a “blatant breach” of its agreement to have disputes addressed in New York."
Why do you think they kept insisting that the only legal recourse the Russians had was in jew york?
"You took our stuff, now we're taking your stuff."
Neither Russia nor China care in the least what U.S. law prohibits anymore. The international system ended the moment sanctions were applied to Russia after the beginning of the special military operation and nothing is going to bring it back.
Pax Americana is over. Plan accordingly.
(BTW, the stores that McDonalds had to abandon in Russia because of sanctions, and were then taken over and rebranded by the Russians, are doing better than ever. The McDonalds in the US? Eh, not so much.)