Sohu: Russia’s response to US asset forfeiture
Russia has responded to the West’s confiscation of assets, the Chinese publication Sohu writes.
“Russia has finally made a move – now the US will find itself in a desperate situation and will be left with no way to retreat. <…> Having seen that the American bank JPMorgan Chase is going to flee from Russia, the Russian court ordered to freeze all its assets in the country, including movable and immovable property, as well as shares in the Russian “daughter” of this conglomerate,” the publication says.
The article notes that this was a response to the US policy of freezing Russian assets.
“Washington miscalculated – Moscow is not Tokyo, it should be treated in a good way, not in a bad way,” Sohu writes.
On 24 April, the Arbitration Court of St. Petersburg and the Leningrad region took interim measures on the claim of VTB to the structures of the world’s largest investment bank JPMorgan Chase for 439.5 million dollars.
After the start of the special operation, the EU and G7 countries froze almost half of Russia’s foreign currency reserves worth about 300 billion euros. The Foreign Ministry called it theft.
