[Russia] - Russian Court Orders Seizure of JPMorgan Funds as VTB Seeks Damages for Assets Blocked Abroad

INSUBCONTINENT EXCLUSIVE:
funds blocked abroad by sanctions, Reutersreported Friday, citing court documents.The St
that the asset seizure does not affect funds held in so-called type C accounts, which cannot be moved out of Russia but also cannot be
seized under presidential decrees.VTB lodged cases on Oct
challenges over its Russian dealings.It has said its available assets in Russia were less than the value of the claims and freezing orders
against it, which VTB said amounts to $439.5 million worth of its assets frozen in the United States Reuters previously reported, citing
accounts.