Russia To Seize $440 Million From JPMorgan
The Kremlin-controlled VTB bank has initiated legal action against the largest US bank, JPMorgan, to retrieve funds stuck due to Washington’s sanctions.
The Russian arbitration court in St. Petersburg issued a seizure order targeting JPMorgan’s accounts and shares in its Russian subsidiaries, published in the Russian court register on Wednesday.
The dispute revolves around $439 million held by VTB in a JPMorgan account in the US, frozen under US sanctions.
VTB filed a lawsuit against JPMorgan after the latter moved the funds to an escrow account, unable to access them due to sanctions.
In response, JPMorgan filed a lawsuit in a US court to prevent asset seizure, citing its inability to compensate potential losses.
The court sided with VTB, ordering the seizure of JPMorgan’s Russian assets, Zero Hedge reported.
read more: https://www.zerohedge.com/markets/russia-seize-440-million-jpmorgan
Links for B.C.
Visit My Website
https://bcbegley.com
Follow Me On Facebook
https://www.facebook.com/B.C.Begley
Subscribe To My Patreon
https://www.patreon.com/bcbegley
Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A
Follow Me On Twitter
https://twitter.com/BC_News1
Watch Me On Rumble
https://rumble.com/c/c-280191
Follow Me On Gab
https://gab.com/BC_Begley
Follow Me On Truth Social
https://truthsocial.com/@BC_Begley
#Russia #JPMorgan #VTB
-
1:25
B.C. Begley
5 hours agoTrump Demands Jack Smith Be Arrested After Document Revelation
59 -
1:06:32
barstoolsports
2 hours agoMom Life Isn't Always Easy But It's Worth It | Barstool Mother's Day Special
12.7K6 -
33:31
SLS - Street League Skateboarding
2 days agoAll the 9's - SLS San Diego 2024
14.1K3 -
48:07
TENET Media
2 hours agoEven SNL Mocking Campus Protesters | Dave Rubin & Isabel Brown
5.24K5 -
OFFICIAL Jovan Hutton Pulitzer Rumble
2 hours agoCourt of Public Opinion and Why It Is Deployed
3.8K -
LIVE
Midnight's Edge
4 hours agoMark Hamill Debases Star Wars for May 4th, Helldivers 2 make a full PSN Retreat! | MEiTM #557
420 watching -
6:12:53
PudgeTV
15 hours ago🟠Elden Ring - Mourning Death Count Ep 22 | Monday Mourning Mayhem | Weekly Update
15.1K1 -
1:37:41
The Shannon Joy Show
7 hours ago🔥We Were RIGHT About Everything! NYTimes FINALLY Admits Jab Injuries. Exclusive W/Jeffrey Tucker!🔥
24.6K39 -
1:28:44
jeffahern
3 hours agoMonday Madness with Jeff Ahern (9am Pacific)
14.6K6 -
1:17:02
Trumpet Daily
3 hours agoDinesh D'Souza Interview - Trumpet Daily | May 6, 2024
14.1K6