A Russian court has ordered the seizure of funds in JPMorgan Chase bank accounts in Russia, court filings showed on April 24, 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 launched its full-scale invasion of Ukraine in 2022 and VTB was hit with sanctions. JPMorgan Chase declined to comment on the Russian court's interim measures. VTB also did not immediately comment.
Russian Court Orders Seizure Of JPMorgan Chase Funds In VTB Lawsuit
JPMorgan Chase building in New York City (file photo)