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JPMorgan says its Russia assets may be seized after lawsuits in Russia, US
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JPMorgan says its Russia assets may be seized after lawsuits in Russia, US
May 1, 2024 1:43 PM

NEW YORK, May 1 (Reuters) - JPMorgan Chase ( JPM ) said

its Russia assets may be seized after lawsuits in Russian and

U.S. courts, the bank said in a filing on Wednesday.

The value of claims and orders to freeze assets exceed

JPMorgan's ( JPM ) available assets in Russia, the largest U.S. lender

said.

The bank faces several legal challenges over its dealings in

the country, where several lenders are subject to economic

sanctions after Russia's invasion of Ukraine.

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