Russian Court Cases - Update
Source: RNS
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):
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"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.
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Sberbank claim ($830,183): |
Hearing date now 23rd March 2026
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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
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