The Moscow District Arbitration Court yesterday froze assets of the American "Bank of New York Mellon" ;, held by the Russian branch of "Citibank", as well as the bank "JP Morgan Chase", held by the Russian branch of the bank, amounting to nearly 372 million dollars, reported Reuters, quoted by BTA.
The court decision states that the measure was requested by the Deputy Prosecutor General "to protect the interests of the Russian Federation" in connection with the revocation by the central bank of Ukraine of the license of EM Air Bank and plans to close it by 2025. EM Air Bank is the Ukrainian branch of the largest Russian bank "Sberbank", according to Reuters.
The Office of the Russian Deputy Prosecutor General insists on recognition of the assets of EM Bank in the banks "JP Morgan" and "Bank of New York Mellon", amounting to $121 million and $251 million, respectively, for legal ownership of "Sberbank", which must be compensated by the frozen assets of the two American banks totaling $372 million. dollars.