A Russian court has ordered the seizure of funds in JPMorgan Chase bank accounts in Russia, court filings showed on April 24, in a lawsuit filed by state-owned bank VTB as it seeks to regain funds blocked abroad. JP Morgan Chase last week sued VTB in New York to halt its efforts to recover $439.5 million from an account that was blocked after Russia launched its full-scale invasion of Ukraine in 2022 and VTB was hit with sanctions. JPMorgan Chase declined to comment on the Russian court's interim measures. VTB also did not immediately comment.
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