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Sanctions Showdown: JPMorgan Trapped in Russia-US Tug-of-War, Billions at Stake

Russia's VTB Bank has won a court order to seize $439.5 million from JPMorgan Chase for freezing its funds after the Ukraine invasion. The order includes seizing JPMorgan's assets in Russia, including its stake in a Russian subsidiary. This move highlights tensions between Western sanctions and American banks' international operations. JPMorgan is caught in the middle and faces potential losses for complying with U.S. sanctions.