04:39 AM EDT, 10/14/2024 (MT Newswires) -- (Updates with response from JP Morgan Chase in the fourth paragraph.)

JPMorgan Chase ( JPM ) assets totaling $155.8 million have been ordered to be seized by a Russian court over claims by state-owned Russian bank VTB that its funds abroad have been blocked, Reuters reported Friday, citing court filings.

The seizure was imposed on funds in all JPMorgan ( JPM ) bank accounts in Russia except those which cannot be transferred abroad, the report said.

VTB is seeking damages from nine defendants tied to JPMorgan ( JPM ), including its Russian subsidiary.

A JPMorgan ( JPM ) spokesman declined to comment, adding that the details of the new claims against the company were not yet fully available.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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