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A Russian court ordered the seizure of $439.5 million in funds from JPMorgan Chase’s bank accounts in Russia that the largest American lender froze after the Ukraine invasion, according to a court filing.

The court’s ruling Wednesday comes after state-owned VTB Bank filed a lawsuit in a St. Petersburg arbitration court after the Russian bank was hit with sanctions following the invasion.

JPMorgan declined to comment on the Russian court’s interim measures.

VTB did not immediately comment on Wednesday. It has previously declined to comment on its legal disputes with JPMorgan Chase.

The Russian court ordered the seizure of all funds in JPMorgan’s Russian accounts as well as movable and immovable property,” including the banks stake in a Russian subsidiary, according to a court order published by the Arbitration Court of St Petersburg and the Leningrad Region.

The ruling noted that the court had not taken securities and property held by JPMorgan, or the jpmorgan.ru domain.

The next hearing in the Russian case is July 17.

JPMorgan tried to block VTB’s efforts by filing its own suit in New York last week.

In a complaint filed in federal court in Manhattan, JPMorgan described VTB’s attempt to recover the money in Russia as a “blatant breach” of its agreement to have disputes addressed in New York.

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JPMorgan noted in its filing that US law prohibits it from releasing the $439.5 million, and VTB, Russia’s second-largest bank, will try to seize its assets abroad if it prevails in the Russia lawsuit.

It said VTB’s prospects there were good, with Russian courts having granted at least six other Russian banks relief against US and European banks that were required to comply with sanctions laws.

“Thus, JPMorgan is immediately facing a certain Russian judgment exposing its assets to seizure, without timely or assured recourse, simply because it is abiding, as it must, with US law,” JPMorgan’s lawyers said at the time.

The Russian court’s ruling came just after President Joe Biden signed a foreign aid bill into law, giving US officials new powers to locate and seize Russian assets in the US, as well as obtain Russian state assets from European allies to use as aid for Ukraine.

Biden’s administration has said that it already has a $1 billion military aid package for Ukraine in the works — the first sourced from the bill, two US officials told Reuters.

It includes vehicles, Stinger air defense munitions, additional ammunition for high-mobility artillery rocket systems, 155 millimeter artillery ammunition, TOW and Javelin anti-tank munitions and other weapons that can immediately be put to use on the battlefield, the officials said, speaking on condition of anonymity.

However, the bill must first jump its last hurdle — final approval in the Senate — before the Biden administration will send any additional aid, though its nearly guaranteed to pass.

Biden has asked for Congress to pass a much larger, $60.8 billion in aid to Ukraine, but the initiative stalled when Republicans in the House of Representatives refused to move the measure forward for months.

In response to the expected renewed US aid, Russian Defense Minister Sergei Shoigu on Tuesday said Moscow would increase the intensity of attacks on logistics centers and storage bases for Western weapons in Ukraine, according to the ministrys Telegram channel.

Noting the desperate situation, Ryder said the Pentagon would do everything we can to lean forward, employ [our] robust logistics network capability, employ the relationships that weve built with our international allies and partners to get a [package] there quickly.

Needless to say we understand the importance and the urgency and are doing everything we can to be poised to respond quickly, he added.

With Post wires

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NHL coaching carousel: Tiers of candidates for the five open jobs

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NHL coaching carousel: Tiers of candidates for the five open jobs

This NHL season might have been the greatest example of, “Well, you can’t fire the players.”

Going back to Sept. 2023, there were 13 coaching changes made in the NHL. Stretch it back to Jan. 2023, and 19 of the league’s 32 teams have changed coaches.

After Travis Green signed on with the Ottawa Senators this week, that left five current coaching vacancies in the NHL: The New Jersey Devils, San Jose Sharks, Seattle Kraken, Toronto Maple Leafs and Winnipeg Jets. The Leafs joined the list on Thursday when they fired Sheldon Keefe.

One wild card this cycle is Joel Quenneville, who resigned in 2021 as Florida Panthers coach. His resignation came after an independent investigation into how the Chicago Blackhawks handled a sexual assault allegation in 2010 against video coach Brad Aldrich that implicated Quenneville and other then-Blackhawks leaders for their inaction in the case. One NHL source tells me they wouldn’t be surprised to see him return next season if a team petitioned the NHL to allow it.

To say there are other options would be an understatement. Here’s a look at the other head-coaching options inside and outside the NHL, from the new stars to the trusty veterans to the out-of-the-box choices.

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Fight night flicks: Bruins, Panthers square off multiple times in Game 2

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Fight night flicks: Bruins, Panthers square off multiple times in Game 2

As evidenced by Game 2 of their Eastern Conference second-round series, there’s no love lost between the Florida Panthers and Boston Bruins.

With Florida’s dominant 6-1 win on Wednesday, the series is even at one game apiece. The Panthers scored six straight goals after the Bruins took a 1-0 lead, the most unanswered goals scored in a playoff game in franchise history.

A whopping 136 penalty minutes were handed out in the third period. It was the first playoff game in which both teams accumulated over 70 penalty minutes since 2015.

The Bruins had 87 penalty minutes, their most in a playoff game since 1988 — 79 came in the third period. Meanwhile, 67 of the Panthers’ 71 penalty minutes came in the third period.

Both teams combined for 17 penalties in the final frame, highlighted by a multiplayer brawl that included a fight between the Panthers’ Matthew Tkachuk and Bruins’ David Pastrnak.

While the numbers certainly jump off the score sheet, these photos tell the tale of the intense third period.


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Leafs fire coach Keefe after first-round exit

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Leafs fire coach Keefe after first-round exit

The Toronto Maple Leafs relieved Sheldon Keefe of head-coaching duties on Thursday.

According to a statement from the club, a search for Keefe’s replacement will begin immediately.

“Today’s decision was difficult,” said Leafs’ general manager Brad Treliving. “Sheldon is an excellent coach and a great man; however, we determined a new voice is needed to help the team push through to reach our ultimate goal. We thank Sheldon for his hard work and dedication to the organization over the last nine years, and wish him and his family all the very best.”

No determination has been made about the rest of Toronto’s coaching staff, which includes assistants Manny Malhotra, Dean Chynoweth and Guy Boucher.

Keefe has two years remaining on a contract extension Treliving signed him to in August, which doesn’t officially kick in until the 2024-25 season.

Treliving is scheduled to meet with the media alongside president Brendan Shanahan and Maple Leaf Sports & Entertainment CEO Keith Pelley on Friday.

Keefe was promoted to Toronto’s head-coaching role in November 2019 to replace the fired Mike Babcock. Keefe had previously been coach of the Leafs American Hockey League affiliate Toronto Marlies since 2015 and guided them to a Calder Cup championship in 2018.

Through 4½ NHL seasons, Keefe led the Leafs to a 212-97-40 record — with consecutive seasons of 50 or more wins — and playoff appearances in each full campaign. Toronto never found postseason success under Keefe though, bowing out of the first round in three of the past four seasons, including in this year’s first-round loss to Boston in Game 7 overtime.

That defeat in particular appeared to seal Keefe’s fate. The Leafs were down 3-1 in the series and battled back to force a decisive final contest, but Toronto’s perennial underachievement forced management into making a change.

This is the first major adjustment for Treliving since he joined Toronto’s staff last May. Shanahan had parted ways with former GM Kyle Dubas — who originally hired Keefe to replace Babcock after also bringing Keefe to the organization when he was GM of the Marlies’ prior to that — and introduced Treliving in the role shortly after. Treliving opted to extend Keefe before last season began, touting Keefe’s “clear vision and direction for where the team needs to go.”

Now the hunt for Keefe’s successor will get underway in what could be a busy offseason for the Leafs. Toronto has key skaters including Auston Matthews and William Nylander signed to long-term contracts. They want to capitalize on that core with success right now, particularly in the playoffs. The other pieces of the Leafs’ designated Core Four — Mitch Marner and John Tavares — will be entering the final year of their current deals this season. Both would be eligible to sign extensions in Toronto on July 1.

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