Published 10 days ago

St. Petersburg court freezes $440 million worth of JP Morgan Chase assets in Russia

A St. Petersburg court froze JPMorgan Chase funds in Russia, favoring VTB's lawsuit to recover $439.5 million blocked under US-led sanctions.
The dispute pertains to the $439.5 million held by VTB in a JPMorgan US account, blocked due to Ukraine-related sanctions.
All JPMorgan bank accounts in Russia, including correspondent and subsidiary accounts, were ordered seized by the court.

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Bloomberg

St. Petersburg court freezes $440 million worth of JP Morgan Chase assets in Russia

10 days ago·United States

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Russia Today [🇷🇺-affiliated]

Russia freezes assets of largest US bank

A St. Petersburg court has frozen JPMorgan’s assets in Russia after VTB bank filed a lawsuit to recover sanctioned funds

10 days ago·Russian Federation

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WND

Russia to seize $440 million from J.P. Morgan | WND | by Around the Web

(ZEROHEDGE) – Seizing assets? Two can play at that game. Just days after Washington voted to authorize the REPO Act – paving the way for the Biden administration confiscate billions in Russian sovereign assets which sit in U.S. banks – it appears Moscow has a plan of its own (let's call it the REVERSE REPO…

10 days ago·Medford, United States

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Zero Hedge

Russia To Seize $440 Million From JPMorgan

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

10 days ago·United States

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Cryptopolitan

Russia set to confiscate over $400 million from JPMorgan

Amidst the geopolitical chess game following Russia’s invasion of Ukraine, a Russian court has decisively ruled in favor of state-owned VTB Bank, sanctioning the seizure of a staggering $439.5 million from JPMorgan Chase. This action targets the funds previously frozen by the American financial giant under U.S. sanctions, highlighting a severe clash between international legal actions and national banking operations. Escalation of Financial Hos…

10 days ago

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