🔥 Russia freezes $375 million in US banks' assets! 🔥
The Moscow Arbitration Court has frozen funds in JP Morgan Chase and Bank of New York Mellon at the request of the Deputy Prosecutor of Russia.
The decision is related to a dispute over the Ukrainian subsidiary of the Russian Sberbank - MR Bank.
Russian officials accuse the US banks of illegally freezing Sberbank's assets, considering it an unfair takeover.
At the center of the dispute are $122 million in JP Morgan Chase and $253 million in Bank of New York Mellon.
Russia continues to resist, escalating tensions in relations with the financial institutions involved.
