Megabanks @jpmorgan and @GoldmanSachs are exploiting a loophole to evade our sanctions and profit off the war in Ukraine—in turn helping Russia fund its human rights abuses.
@SenWarren and I are demanding answers from the CEOs directly.
JPMorgan Chase & Co. and Goldman Sachs Group Inc. are being pressed to hand over extensive information on clients trading Russian debt, as US Senator Elizabeth Warren and Representative Katie Porter expand efforts to pry into whether Wall Street is profiting on the invasion of Ukraine.
The Democrats sent JPMorgan Chief Executive Officer Jamie Dimon and Goldman CEO David Solomon letters Tuesday demanding lists of clients betting on Russian government and corporate debt since the war broke out in February, as well as the types and sizes of wagers and any gains. The lawmakers also want information on the banks themselves, including tallies of any trades they’ve handled and revenue generated.
https://twitter.com/RepKatiePorter/status/1524153284415565825
#russia #jpmorgan #chase #GoldmanSachs #KatiePorter
