Court orders seizure of $440M JPMorgan funds in lawsuit over US-Russia sanctions
NY Post
A Russian court ordered the seizure of $439.5 million in funds from JPMorgan Chase’s bank accounts in Russia that the largest American lender froze after the Ukraine invasion, according to a court filing.
The court’s ruling Wednesday comes after state-owned VTB Bank filed a lawsuit in a St. Petersburg arbitration court after the Russian bank was hit with sanctions following the invasion.
JPMorgan declined to comment on the Russian court’s interim measures.
VTB did not immediately comment on Wednesday. It has previously declined to comment on its legal disputes with JPMorgan Chase.
The Russian court ordered the seizure of all funds in JPMorgan’s Russian accounts as well as “movable and immovable property,” including the bank’s stake in a Russian subsidiary, according to a court order published by the Arbitration Court of St Petersburg and the Leningrad Region.
The ruling noted that the court had not taken securities and property held by JPMorgan, or the jpmorgan.ru domain.
Dollar Tree is turning over a new, slightly more luxurious leaf.
Canadian Prime Minister Mark Carney on Monday announced the appointment of public servant Janice Charette as the next chief trade negotiator to the US.
The number of cryptocurrency payments to suspected human trafficking groups surged 85% in 2025 as digital assets play a growing role in illicit online schemes, according to a new report from analytics firm Chainalysis.
After years of controversies and tepid results at the box office, Disney’s 2025 live-action “Snow White” remake has reportedly netted an approximately $170 million loss.