Jamie Dimon, CEO of JPMorgan Chase, said on October 24 at an Institute for International Finance event that Russia’s full scale war and its nuclear threat could not have a negative outcome.
Dimon, the head of the largest U.S. investment bank and the largest bank in the world by revenue, said that nuclear proliferation is the greatest risk to mankind. According to Dimon, the West must have clarity and prioritize many things “to ensure that this ends right.”
Dimon has described him as a supporter for Ukraine and JPMorgan Chase is involved in Ukraine’s efforts to recover. Together with BlackRock, another U.S. Investment firm, the company agreed on setting up a $15 billion Ukraine fund.
“A lot of nations that border Russia are quite concerned.” He said that some nations (who) do not border Russia were also quite concerned.
“We have never seen a situation in which a man threatens nuclear blackmail. We’ll roll out nuclear weapons if your military wins.”
Since the beginning of the full scale invasion in February 2022, Russian President Vladimir Putin has made repeated nuclear threats against Ukraine as well as the West. The threats failed to materialize and Moscow continues its all-out warfare without using its nuclear arsenal.
Dimon stated that the nuclear proliferation was a greater threat to humanity than climate changes.
Putin proposed a number of changes to Russia’s nuclear doctrine at the end of September. The timing coincided with the height of discussions between Ukraine, its key partners and the West to allow Kyiv’s long-range weapons to be used to strike targets in Russia.
The Kremlin said that Russia would respond to conventional missile attacks with nuclear weapons and that it would treat any attack supported by a nuclear-armed nation as a coordinated attack.
Dimon, in late September, described Russia, its two key allies, Iran and North Korea, as “an evil axis that works every day to make things worse for the Western World and for America.”
Ukraine’s military intelligence agency (HUR) reported that North Korea had sent 12,000 troops, including 500 officers, to Russia. The first soldiers to join Russian forces in the war on Ukraine are reportedly in Kursk Oblast.
Kyrylo Budanov, the HUR chief, said that in return, Russia helps Pyongyang to evade sanctions, and develop its nuclear capability.
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