Russian Court Freezes JPMorgan Assets Under $440 Million Claim
Bloomberg.com - 2024-04-24T14:44:46.974Z

A St. Petersburg court froze the Russian assets of JPMorgan Chase & Co. pending consideration of a lawsuit from the country’s second-largest bank that seeks to recover about $440 million.

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JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank
The escalation shows how American banks are struggling to navigate American sanctions rules more than two years after Russia's invasion of Ukraine.
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- 2024-04-24T21:10:41.000Z
Russia to Seize $440 Million from JPMorgan
Russia is set to seize $440 million from the largest US bank, JPMorgan Chase following a lawsuit from Russian lender, VTB.
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- 2024-04-24T15:59:11.000Z
Russian court orders seizure of JPMorgan Chase funds in VTB lawsuit
A Russian court has ordered the seizure of funds in JPMorgan Chase bank accounts in Russia, court filings showed on Wednesday, in a lawsuit filed by state-owned bank VTB as it seeks to regain funds blocked abroad. JP Morgan Chase last week sued VTB in New York to halt its efforts to recover $439.5 million from an account that was blocked after Russia despatched its army to Ukraine in 2022 and VTB was hit with sanctions.
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- 2024-04-24T09:07:51.000Z

In related news

JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank

Russia to Seize $440 Million from JPMorgan

Russian court orders seizure of JPMorgan Chase funds in VTB lawsuit