Court orders seizure of $440M JPMorgan funds in lawsuit over US-Russia sanctions

A Russian court ordered the seizure of $439.5 million in funds from JPMorgan Chase’s bank accounts in Russia that the largest American lender froze after the Ukraine invasion, according to a court filing.The court’s ruling Wednesday comes after state-owned VTB Bank filed a lawsuit in a St. Petersburg arbitration court after the Russian bank was hit with sanctions following the invasion.JPMorgan declined to comment on the Russian court’s interim measures. VTB did not immediately comment on Wednesday. It has ...