Russia to Seize $440 Million from JPMorgan
by Watcher Guru
Watcher Guru— Russia is set to seize $440 million from the largest US bank, JPMorgan Chase following a lawsuit from Russian lender, VTB.
CNBC—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.
dailym.ai—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
BNN Bloomberg—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.