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June 23, 2017

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Moscow threatens to hit back at US over sanctions

MOSCOW---Moscow on Wednesday threatened retaliatory action against U.S. diplomats after U.S. bank JP Morgan blocked a transfer of funds carried out by a Russian envoy.

Russia considered as "unacceptable, illegal and absurd the decision of JP Morgan Chase bank to block the transfer by the Russian ambassador in Astana to insurance company Sogaz," said Alexander Lukashevich, a spokesman for the Russian foreign ministry.

The move was carried out "under the pretext of anti-Russian sanctions introduced by the United States," the spokesman added.

Sogaz is linked to Russian bank Rossiya, which is on the list of companies and individuals subject to U.S. sanctions over Moscow's move to annex Crimea.

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