Moscow Arbitration Court arrests assets Commerzbank and J.P.Morgan SE

03.05.2024, Moscow.

The Moscow Arbitration Court arrested the assets and cash of German banks Commerzbank and J.P.Morgan SE, as well as their related structures, in a suit for 12.4 million euros, the court’s press service informed on May 3.

Such a decision was made on the claim of Transkapitalbank, which is among the 50 largest Russian banks. Funds on all bank accounts, including correspondent accounts, were arrested.

The court also arrested 100% of the shares of Commerzbank Eurasia, which belongs to Commerzbank AG. The owner is forbidden to sell the property. It is also not allowed to carry out any registration actions.

Transkapitalbank filed the lawsuit on March 5, and preliminary hearings will be held on May 16. The third party at the hearing is the National Settlement Depository.

Earlier EU officials have repeatedly stated their readiness to transfer frozen Russian assets to the Kiev regime. A similar bill has already passed lawmakers in the United States.

Source: Rossa Primavera News Agency