Reported 2 months ago
JPMorgan Chase has requested a U.S. court to dismiss its lawsuit against VTB Bank, claiming it was coerced into doing so after a Russian court injunction. The lawsuit originated from a dispute over $439.5 million in frozen assets linked to U.S. sanctions following Russia's invasion of Ukraine. JPMorgan asserts that VTB's actions influenced its decision in a manner not aligned with its interest.
Source: YAHOO