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Seizure of $440M in JPMorgan funds ordered in suit over US-Russia sanctions

A Russian court has ordered the seizure of $439.5 million in funds from Russian bank accounts frozen by JPMorgan Chase & Co., the largest US financier, after the invasion of Ukraine, according to court filings. Wednesday’s court ruling came after state-owned VTB Bank filed a lawsuit with the St. Petersburg Arbitration Court after the Russian […]