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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Leaning Left1Leaning Right3Center0Last Updated10 days agoBias Distribution75% Right
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- 75% of the sources lean Right
75% Right
L 25%
R 75%
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