The brand new story below from Zero Hedge warns us that JPMorgan may have just supercharged the 'new' cold war while sending Russia into a frenzy due to an 'illegal and absurd' payment block by 'hostile' JPMorgan. Terming Russia's present mood as 'furious', we learn that Russia WILL 'retaliate' and as Ukraine found out last month, you don't want to get Russia angry. Video reports also below. We reported that "Monetary Blockade Of Russia Begins: JPMorgan Blocks Russian Money Transfer "Under Pretext" Of Sanctions." This morning the story has finally blown up to front page status, which it deserves, where it currently graces the FT with "Russian threat to retaliate over JPMorgan block." And unlike previous responses to Russian sanctions by the West, which were largely taken as a joke by the Russian establishment, this time Russia is furious: according to Bloomberg, the Russian foreign ministry described the JPM decision as "illegal and absurd." And as Ukraine found out last month, you don't want Russia angry.
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