A Russian court has seized funds from JPMorgan Chase on Wednesday.
The court ruling comes as Russian state-owned bank VTB filed a lawsuit against JP Morgan to regain its funds that were blocked abroad due to sanctions.
Last week, JP Morgan sued VTB in New York to stop VTB’s efforts to withdraw $439 million from an account that has been frozen since Russia invaded Ukraine.
JP Morgan has not commented on Russia’s latest move.
The move by Russia comes two years after JPMorgan Chase settled a $290 million settlement with several women who claimed Jeffrey Epstein abused them due to the bank turning their head from Epstein’s crimes.
JUST IN: 🇷🇺 Russia to seize $440 million from JPMorgan.
This comes after the United
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!