The Arbitration Court of the Moscow Region arrested funds totaling approximately $372 million in the accounts of Bank of New York Mellon and JPMorgan Chase Bank, according to RIA Novosti. The move reflects the court’s use of interim measures in a dispute involving these international banks and related financial interests. Such freezes temporarily restrict access to the funds while the case proceeds, ensuring that potential obligations can be secured as the matter unfolds in arbitration.
Earlier, the Prosecutor General’s Office of the Russian Federation announced that interim measures would be applied to seize all Bank of New York Mellon funds held in JSC CB Citibank accounts, as well as all JPMorgan Chase Bank funds held in LLC CB J. Morgan Bank International accounts. This step demonstrates the authorities’ readiness to immobilize assets across affiliated banking structures as part of enforcement actions connected to the case.
The supervisory authority demanded the recovery of 34.7 billion rubles from two Ukrainian state institutions, a Ukrainian state enterprise, and the two American banks. The claim highlights a broad set of targets in a cross-border financial dispute, with a focus on securing restitution linked to actions cited in the supervisory authority’s proceedings.
On October 1, the Prosecutor General’s Office filed a lawsuit in the Arbitration Court of the Moscow Region against the National Security and Defense Council of Ukraine, the National Bank of Ukraine, the Ukrainian state enterprise National Investment Fund, as well as Bank of New York Mellon and JPMorgan Chase Bank. The filing marks a formal continuation of legal proceedings in a framework that involves multiple national authorities and major financial institutions across borders.
Crimea had previously asserted damages connected to an energy blockade against Ukraine, totaling 3.15 trillion rubles. The claim reflects the broader legal narratives surrounding energy and economic measures in the regional context, as reported in the same stream of developments.