t
JPMorgan Emerging Europe, Middle East & Africa Securities PLC (JEMA) provided updates on Russian court cases involving claims by VTB Bank totalling $439.5 million, $81.3 million, $74.5 million, and €108 million, and a Sberbank claim of $830,183, all against JEMA and eight J.P. Morgan legal entities. The appeal for the $439.5 million VTB Bank claim is due to be heard on 16th March 2026, and the Sberbank claim hearing is set for 23rd March 2026. On 11th February 2026, the English court of appeal dismissed VTB Bank's appeal against an Anti-Suit Injunction concerning the $81.3 million, $74.5 million, and €108 million claims, with VTB Bank having 14 days to withdraw these claims in Russia.
| Date | 16 Feb 2026 |
| Time | 17:47:53 |
| Category | Miscellaneous |
| ID | 2380T |
LONDON STOCK EXCHANGE ANNOUNCEMENT
JPMORGAN EMERGING EUROPE, MIDDLE EAST & AFRICA SECURITIES PLC
('the Company' or 'JEMA')
Legal Entity Identifier: 549300II3MHI98ZLVH37
Russian Court Cases - Update
Further to the Board's previous RNS announcements regarding the lawsuits filed by VTB Bank in Russia claiming $439.5m, $81.3 million, $74.5 million and €108 million and the lawsuit filed by Sberbank in Russia claiming $830,183 against eight J.P. Morgan legal entities and the Company, the Board announces the following updates from JPMorgan Funds Limited (the Company's Manager) (in italics):
|
"VTB Bank claim ($439.5 million): |
Appeal filed to a higher court, the Court of Cassation in Russia, which is now due to be heard on 16th March 2026.
|
|
Sberbank claim ($830,183): |
Hearing date now 23rd March 2026
|
|
VTB Bank claims ($81.3 million, and $74.5 million and €108 million ): |
On 11th February 2026, the English court of appeal dismissed VTB Bank's appeal against the Anti-Suit Injunction granted in the English Court. The written judgment will follow. VTB Bank will then have 14 days to withdraw the claims in Russia." |
The Board will provide further updates as the cases progress.
16th February 2026
For further information:
Joel Clopon, Neil Martin, JPMorgan Funds Limited 0800 20 40 20
Hugh Jonathan, Deutsche Numis 020 7260 1000