As VTB Bank Files a New Case, JPMorgan EMEA Securities' Russian Assets Continue to Hang in Balance

JPMorgan Emerging EMEA Securities announced a new round in their ongoing legal saga with VTB Bank in Russia. The Russian bank has filed a subsequent civil claim against the financial company, throwing further doubt over the future of JPMorgan’s Russian assets.

The lawsuits previously submitted by VTB to the tune of $439 million, $81.3 million, and $74.5 million were just the start. Now, eight J.P. Morgan legal entities along with JPMorgan Emerging Europe, Middle East & Africa Securities face a new claim by VTB, demanding damages of €108,636,829.56 over terminated transactions. This new claim, filed on the 20th March 2025, has added further uncertainty over the finance company’s Russian assets.

Eric Sanderson, the Chairman of the Company, responded to the latest claim highlighting that this legal battle with VTB continues to cast doubt over the value of the company’s Russian assets and their potential future realisation. Sanderson also noted that the Russian courts continue to grant VTB the freedom to include the company as a defendant in their case along with the eight J.P.Morgan legal entities.

The company assures its stakeholders that prior announcements and other relevant data about the company can be accessed on the London Stock Exchange website, alongside other sources to maintain transparency. They promised to provide an update once a court decision has been confirmed.

This ongoing legal battle underlines the hurdles global finance companies endure when dealing with varying regional legislations. These twists and turns in the legal drama certainly keep investors and legal eagles on their toes, foraying into familiar and foreign legal territories alike.