JPMorgan Chase & Co. (NYSE:JPM) has backed off its confrontation with the Russian government, ending a brief if tense standoff between a private corporation and a onetime nuclear superpower. Confusion surrounds new Russian sanctions At issue were sanctions placed on the Russian government by the US in retaliation for Russia’s invasion of Crimeria. For its part Russia called the event “unacceptable, illegal and absurd” act of blocking the payment would have consequences for the U.S. Embassy in Russia, Reuters noted. “The confrontation threatened to further strain ties between Washington and Moscow, locked in the worst standoff since the Cold War over…
JPMorgan Backs Away From The Brink With Russia
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.