A Russian court has ordered the freezing of $372 million held by JPMorgan and BNY Mellon in response to a dispute over assets involving MR Bank, a subsidiary of Russia’s Sberbank. The move follows Ukraine’s revocation of MR Bank’s license. Russia claims the U.S. banks unlawfully seized MR Bank’s funds, and prosecutors are pushing to recognize the frozen assets as Russian property. This comes amid broader sanctions against Russian institutions linked to the Ukraine conflict. #Russia #Sanctions #JPMorgan #BNYMellon #MRBank