Russian Court Orders Seizure of JPMorgan Funds as VTB Seeks Damages for Assets Blocked Abroad
A Russian court has ordered the seizure of JPMorgan Chase’s assets as part of a lawsuit by Russia’s second-largest bank VTB to regain its funds blocked abroad by sanctions, Reuters reported Friday, citing court documents. The St. Petersburg Arbitration Court ruled to seize $155.8 million in any currency from all JPMorgan bank accounts, according to…