Russia and Turkey's sanctions evasion scheme and the $2 billion stuck at JPMorgan
A few months after Russia’s President Putin invaded Ukraine, Russia and Turkey used a nuclear project to sidestep US sanctions. In short, Moscow slipped billions of dollars through US banks into Turkey, from which the money could bankroll Russian state initiatives. Now US prosecutors are eyeing $2 billion worth of Russian funds that are stuck at JP Morgan. Costas Paris, a senior reporter for The Wall Street Journal who wrote an exclusive on this story, joins Thanos Davelis to look into this sanctions evasion scheme involving Moscow and Ankara, and break down what questions this raises for Washington.
You can read the articles we discuss on our podcast here:
Moscow Has $2 Billion Stuck at JPMorgan. The U.S. Isn’t Sure What to Do With It.
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