Russia to Seize $440 Million from JPMorgan
Russia is set to seize $440 million from the largest United States bank, JPMorgan . Specifically, a Russia n court ordered the seizure after a lawsuit from lender VTB. The lawsuit was filed in order to recover losses connected to the US-based bank. The court has reportedly ordered the complete seizure of all funds that JPMorgan holds in the country. However, they will not seek the confiscation of securities or property. Moreover, Moscow’s decision took place after the US Senate passed legislation sending seized Russian assets to Ukraine as part of its $95 million security assistance package. JUST IN: Russia to seize $440 million from JPMorgan. — Watcher.Guru (@WatcherGuru) April 24, 2024 Also Read: BRICS: JP Morgan Issues Major US Financial Warning Russian Court to Seize $440 Million From JPMorgan Since the invasion of Ukraine first took place in early 2022, the United States and Russia have been firmly in opposition. The situation led to sanctions b...