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JP Morgan's JEMA trust embroiled in another Russian court case
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investmentweek.co.ukJEMA's manager informed the trust's board of the legal proceedings today (20 February), which relate to the purchase of Eurobonds for a fee of $830,183, according to a stock exchange notice. It explained that the Russian bank allegedly made a payment in February of 2022 but did not receive the Eurobonds due to sanctions imposed following Russia's invasion of Ukraine. Assets frozen in former JPM Russia trust over alleged debts to VTB JEMA said: «We are not aware of any nexus between JEMA and amounts or Eurobonds allegedly owing to Sberbank KIB. We will continue to monitor the proc...
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