Russia to Seize $440 Million from JPMorgan
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JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank
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JPMorgan Chase says its Russia assets may be seized after lawsuits in Russia and US
A Russian court ordered the seizure of funds in JPMorgan accounts after Russian state-owned bank sued to regain its funds blocked abroad. Move not expected to affect American customers directly
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Russian Court Freezes JPMorgan Assets Under $440 Million Claim
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.