JP Morgan’s JEMA trust embroiled in another Russian court case

JEMA’s supervisor knowledgeable the belief’s board of the authorized proceedings at present (20 February), which relate to the acquisition of Eurobonds for a charge of $830,183, in accordance with a inventory trade discover. 
It defined that the Russian financial institution allegedly made a fee in February of 2022 however didn’t obtain the Eurobonds resulting from sanctions imposed following Russia’s invasion of Ukraine. 
Property frozen in former JPM Russia belief over alleged money owed to VTB
JEMA mentioned: “We’re not conscious of any nexus between JEMA and quantities or Eurobonds allegedly owing to Sberbank KIB. We are going to proceed to watch the proc…