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Kazakhstan tries to get back $22bn in frozen assets

By ethan / May 27, 2018

Kazakhstan has asked an appeals court to overturn a decision that saw BNY Mellon freeze assets worth more than $ 22 billion held in the bank by the country’ sovereign wealth fund. The bank seized the assets as part of a dispute between Kazakhstan and a Moldovan businessman who sued the Central Asian country for […]

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American bank freezes $22bn owned by Kazakhstan

By ethan / December 21, 2017

Published time: 21 Dec, 2017 13:34 The Bank of New York Mellon has frozen $ 22 billion in assets belonging to Kazakhstan, Reuters reports. The decision comes ahead of a lawsuit brought by a Moldovan businessman against the country. The money belongs to Kazakhstan’s National Fund, which is made up from the country’s oil revenues. […]

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