JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank

[Burgermeister]

KEY POINTS

• A Russian court sided with state-run lender VTB Bank in its efforts to recoup $439.5 million from JPMorgan Chase that VTB says the U.S. lender froze after the Ukraine invasion.
• The court ordered the seizure of funds in JPMorgan’s Russian accounts and “movable and immovable property,” including its stake of a Russian subsidiary, according to a filing published Wednesday.
• VTB had filed a suit last week in a St. Petersburg arbitration court seeking to be made whole for funds frozen in the U.S., asking for relief because JPMorgan has said it will exit Russia.

I'm surprised it took this long. We've been freezing their assets and arming Ukraine. I expect a lot more of this.

https://www.cnbc.com/2024/04/24/jpmorgan-chase-is-caught-in-us-russia-sanctions-war-after-overseas-court-orders-440-million-seized-from-bank.html

 

[luiza]

Despicable Deep State power players .

Selfishly I hope this lessens their manipulations of the Silver market which they have compulsively controlled for at least the last 50 years .