JPMorgan Chase, Russia
Russian court cancels seizure of some JPMorgan funds in VTB dispute
A Russian court cancelled the seizure of part of JPMorgan Chase's funds in Russia in a dispute with Russian state-owned bank VTB , according to a court document.
Partial Confiscation of JPMorgan Funds by Russian Court Overruled Amidst VTB Legal Battle
Support independent journalism in Ukraine. Join us in this fight. Become a member Support us just once In a significant update to an ongoing legal dispute, a Russian court has overturned the decision to seize JPMorgan funds in response to a claim by VTB,
Russian court cancels seizure of some JPMorgan funds
The court had ordered seizure of $439.5 million late last month in an ongoing sanctions dispute between JPMorgan and Russia-owned VTB Bank.
Russian Court Orders Seizure of JPMorgan Chase Funds in VTB Lawsuit
MOSCOW (Reuters) - A Russian court has ordered the seizure of funds in JPMorgan Chase bank accounts in Russia, court filings showed on Wednesday, in a lawsuit filed by state-owned bank VTB as it seeks to regain funds blocked abroad.
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.
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.
JPMorgan Caught in $440 Million Legal Battle Amid Sanctions
The continuing legal battle between JPMorgan Chase and VTB Bank serves as a prime example of how intricately financial considerations, geopolitical unrest, and international sanctions intersect.
JPMorgan Chase Entangled in U.S.-Russia Sanctions Conflict as Overseas Court Orders $440 Million Seizure
T he recent ruling by a Russian court favoring VTB Bank, a state-run financial institution, in its legal dispute against JPMorgan Chase, one of the largest banks in the United Sta
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VTB sued JPMorgan in Russia to regain access to assets frozen due to sanctions violations. JPMorgan countersued, saying VTB breached a 2008 agreement to handle any issues in New York.
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Russian Court Cancels Seizure of Some JPMorgan Funds in VTB Dispute
MOSCOW (Reuters) -A Russian court has cancelled the seizure of part of JPMorgan's funds in Russia in a lawsuit brought by state lender VTB, court documents show. However, the ruling only applies ...
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JPMorgan, Russia’s VTB Bank sue each other
JPMorgan Chase sued VTB Bank in Manhattan on Thursday to stop the Russian state-owned bank from trying to recover $439.5 million from an account blocked due to sanctions violations following ...
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US temporarily approves energy transactions with major Russian banks
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