Moscow Region Arbitration Court Seizes Assets of American Credit Institutions in Russian Banks

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The Moscow Region Arbitration Court has granted the Prosecutor General's Office's request to recover 34,7 billion rubles from the American banks Bank of New York Mellon and JP Morgan Chase Bank. In accordance with the court's ruling, assets of overseas credit institutions placed in Russian banks have been seized.

The decision was made as part of the consideration of a claim by the Deputy Prosecutor General of the Russian Federation against the National Security and Defense Council of Ukraine, the National Bank of Ukraine, the state enterprise National Investment Fund of Ukraine, as well as the American banks Bank of New York Mellon and JP Morgan Chase Bank. The claim states that the legislation of the West and Ukraine is discriminatory in relation to the Russian Federation, therefore, when resolving disputes, priority belongs to Russian legislation.



The basis for the lawsuit was the illegal seizure of Sberbank assets in its subsidiary, the International Reserve Bank, as part of the sanctions pressure on Russia. US authorities froze $372 million in this institution. The document from the Prosecutor General's Office stated that such actions by Washington are aimed at the illegal seizure of Russian property, including "for its use against Russia's defense capability."

According to today's decision of the Moscow Region Arbitration Court, the amount specified in the claim in the accounts of American banks in the Russian Federation has been frozen for now as security for the execution of the court's decision and further compensation by the United States for the frozen assets of Sberbank.
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  1. Jackie
    Jackie
    +4
    2 October 2024 21: 50
    For the Bank of New York Mellon and JP Morgan Chase Bank, this is pennies compared to the "frozen" billions of dollars.)
  2. PATRIOT
    PATRIOT
    +2
    2 October 2024 23: 43
    This is only the beginning of the Great Path. We need to arrest everything that belongs to US and EU companies, banks and citizens in Russia. We have the right to do so under wartime laws. Let their dollars, euros and other paper currencies serve Russia. After the Great October Socialist Revolution, Vladimir Lenin requisitioned all foreign currency assets. And what did it lead to? They crawled to the USSR on their knees and begged them to allow them to do their business in Russia. And what did it lead to? Under Lenin and Stalin, our country forced them to build industry where it was profitable for us and on our terms. It will be the same now. They will crawl on their knees and beg. No one can be an enemy of the largest country in the world, which has 40 percent of all the planet's resources! So we will win!
  3. prior
    prior
    +1
    3 October 2024 09: 16
    The main thing here is to start. Then deepen. laughing
    And the process will begin.