If this continues, it is a declaration of economic war that will trigger significant repercussions that will rock world currency markets.
Russia says JP Morgan blocked embassy money transfer
MOSCOW, April 1 Tue Apr 1, 2014 5:51pm BST
(Reuters) – Russia’s Foreign Ministry said on Tuesday that U.S. bank JP Morgan had blocked a payment from its embassy in Kazakhstan to insurance agency Sogaz "under the pretext of anti-Russian sanctions imposed by the United States".
The foreign ministry criticised the move in a statement as "unacceptable, illegal and absurd" and warned that any actions against a Russian diplomatic mission would affect the work of the U.S. embassy and consulate in Russia. (Reporting by Thomas Grove)