Jpmorgan Russian Securit... Share Discussion Threads

[galeforce1] 06/4/2022 22:20

The new sanctions don’t seem to have hit the rouble.

I see that Hungary has accepted the principle of paying for Russian gas in roubles. Germany will be doing the same before long, I’m sure. What choice do they have?

When it comes to exchange rates, how long can the GBP stay as strong as it is? The UK trade deficit in goods was c.£25bn in January alone, an astonishingly high figure.

Perhaps it’s to distract voters from this kind of inconvenient and embarrassing economic reality at home that our high-principled PM is making so much of a war and alleged atrocities in distant Ukraine.

[hopan] 06/4/2022 21:47

Does it require a shareholder approval?

[horndean eagle] 06/4/2022 20:34

i imagine jpm will in due course close the fund down. I don't think they will do it in a disorderly manner though. They would likely just liquidate and return the cash

[square root] 06/4/2022 18:52

Tbtt, you have misrepresented Britain's new sanctions. Britain is banning new investments in Russia. This does not apply to existing investments.

[biggest bill] 06/4/2022 18:31

Tigerbythetail, saying something idiotic twice doesn't make it any less idiotic.

[tigerbythetail] 06/4/2022 18:24

It is HIGHLY LIKELY that JP Morgan want to close down this fund!!!
Read Jamie Morgan's recent comments and try to square them with keeping this fund open.
By the way, as of today it is illegal to invest in Russia at all (see UK's latest round fo sanctions).
Talk about trying to pick up pennies in front of a steamroller!

[gbjbaanb] 06/4/2022 17:47

If Russia defaults, I wonder if it'll make any difference to them. They'll borrow from China instead, but the bond holders in the US (and UK) will suddenly find they're stuffed.

Have the western world worked this out, do they even care, or is it part of some great plan?

[loganair] 06/4/2022 17:13

The MOEX Russia Index closed 1.9% lower at 2,611 on Wednesday, as investors weighed on fresh sanctions from the US while awaiting on measures by the EU in retaliation to reports of civilian killings in Ukraine.

Sberbank shares closed 8% lower after it was the prime target of US sanctions, which also included Alfabank and President Putin’s adult daughters. VTB shares also closed lower, declining 5%.

Meanwhile, the EU planned to ban the import of Russian coal, while policymakers discussed the extent of sanctions on other forms of Russian energy.

Meanwhile, the Russian treasury edged closer to a default after sending payment for a dollar-denominated Eurobond in rubles, to which foreign banks refused to execute. The US treasury halted Russia from its dollar reserves in US banks, disabling Moscow from paying $552 million in principle and $84 million in coupons of debt. The payments were due to bond holders by April 4th, starting the 30-day grace period before default.

[fabius1] 06/4/2022 16:54

I am quite sure Orban is more than happy to stick it to the EU. Not much love lost there. The EU luvvies still don't seem to have worked out that they are increasingly on the wrong end of the trade and have been for some time. This is not just about Putin. He is merely the catalyst. I have no doubt that the 'money' will be manoeuvring behind the political front of musical chairs. The real question is how long will it be before the rats start jumping ship. I am always amused by the old saying, 'Keep your friends close and your enemies even closer'.

[loganair] 06/4/2022 16:42

Worth a watch...especially from 1m for 40 seconds

'The guy looks lost': Biden seen wandering around aimlessly at White House event

[loganair] 06/4/2022 16:15

Hungary's prime minister has broken ranks with the European Union, saying that he will pay for Russian gas in rubles.

"We don't have any difficulty paying in rubles. If the Russians ask us to, we pay in rubles," Hungarian Prime Minister Viktor Orbán told reporters on Wednesday.

[soleman1] 06/4/2022 12:21

Or alternatively to close the fund JP assume the assets at current price, pay us off and sell them privately at a later date. Unlikely but I would vote for it!

[biggest bill] 06/4/2022 11:57

If J P Morgan actually wanted to close down this fund (extremely unlikely), they would have to call a vote from jrs shareholders to do so. If this vote was approved, the shareholdings would only be sold after a peace deal was signed and sanctions were removed. This would result in a fantastic outcome for jrs shareholders if they bought at the current price.

[soleman1] 06/4/2022 11:46

Not only are they buying bonds but are encouraging their clients to invest!

[loganair] 06/4/2022 11:34

J P Morgan often say one thing in public and do another in private as J P Morgan will always do things that are in their best interests, that's how they have become the largest bank in the world today.

[loganair] 06/4/2022 11:22

Remember news papers pander to their readers and the Guardian readers are left wing, I feel good about myself because I'm virtual signalling Woke and takes the attitude that the West is always right because the West are the good guys while Russia is always wrong because Russia are the bad guys - like any good John Wayne Hollywood film.

Since WW2, the United States has most probably committed more war crimes then any other country in the world

Vietnam where the USA bombed with Agent Orange killing and maiming, with Vietnamese still being effected today by the side effects. And as for the land it was dropped on, white as snow as nothing will grow there for at least another 100 plus years.

And then there is the famous picture of the young Vietnamese girl, running towards US soldiers with her skin painfully dripping off her body because she had just been napalmed my the U.S. airforce.

Then there is Saudi Arabia who have been bombing children's hospitals in Yemen so no more trading with them either.

[loganair] 06/4/2022 09:35

Biden has always been for every war America's been in and all sanctions they have put on any country and has never changed.

Ever since the retreat of Napoleon from Moscow, both Britain and France became allies because of fear of Russia. In a way the "entente de cordiale" between Britain and France was the start of NATO, an anti Russian alliance.

The Crimea war in the 1850's, Britain and France teamed up to limit Russia's power and expansion.

Britain, France and the United States have been trying to destabilise and destroy Russia ever since 1917.

[diku] 06/4/2022 09:25

Yes all this sanctions are a 2 way hurt for the west as well as the Russian people...the question is do these Politicians feel the hurt with inflation or do they go about with their cushy lifestyle?...is there such thing as a poor Politician?...





loganair6 Apr '22 - 09:21 - 1786 of 1786
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All these Western sanctions being put on by the woke just to feel good virtual signally West are doing is to hurt the average Joe blog in the West by causing their food, energy and commodity prices to rise substantially.

[loganair] 06/4/2022 09:21

All these Western sanctions being put on by the woke just to feel good virtual signally West are doing is to hurt the average Joe blog in the West by causing their food, energy and commodity prices to rise substantially.

Russia has the wealth that really matters, low cost food, energy and commodities which are being bought up by the likes of China and India who are doing the right thing for their people.

The United States keeps using the word "International Community" which in reality only means USA, Canada, Europe, Australia and New Zealand and a little by Japan and S. Korea. The Rest of the world, the rest of Asia, the whole of Africa, Central and South America are not putting any sanctions on Russia and are trading with Russia as normally as possible.

[mister md] 06/4/2022 09:15

The AT sell bot seems active this morning. Could create a buying opportunity, but Mr P. doesn't appear to be in any rush to agree on a peace deal.

[loganair] 06/4/2022 09:12

The MOEX Russia Index fell as much as 2.6% to 2,595 before turning higher on Wednesday, but remained under pressure as investors await details of fresh international sanctions against Russia following reports of civilian killings in northern Ukraine.

The EU proposed a ban on Russian coal and to prevent Russian ships from entering EU ports as part of its next round of sanctions. Britain also urged G7 and NATO countries to agree to a timetable to phase out oil and gas imports from Russia.

Financial stocks mostly declined, with losses from Sberbank (-2.2%), VTB (-3.3%) and TCS Group (-1.6%). Meanwhile, energy and other commodity stocks advanced, with gains from Rosneft Oil (1.2%), Lukoil (3.3%), Surgutneftegas (2.6%), PhosAgro (5.1%) and Polyus (2.7%). State-owned Gazprom also gained 0.6% as it continued to supply natural gas to Europe.

[loganair] 05/4/2022 18:27

The MOEX Russia Index plunged 4.5% to close at 2,663 on Tuesday, snapping a four-day winning streak as investors weighed the possibility of new sanctions and sovereign default.

The EU announced plans to ease out coal imports from Russia, barring €9 million from the Russian economy, in retaliation for war crimes in Ukraine. In the meantime, the US treasury froze the Russian government off its dollar reserves in US banks, disabling Moscow from paying $552 million in principle and $84 million in coupons of sovereign bonds. The payments were due to bond holders by April 4th, starting the 30-day grace period before a historic default.

In the exchange, Gazprom shares fell 3.6% after the German energy authority nationalized Gazprom’s German subsidiary when the energy giant tried to sell it to two smaller Russian entities. Financial stocks also took steep losses, led by an 8% decline for VTB and 7% for Sberbank.