US financial holding freezes $22 bln of Kazakhstan assets

US financial holding freezes $22 bln of Kazakhstan assets National Bank has in turn filed a lawsuit against Mellon
Finance
December 21, 2017 18:00
US financial holding freezes $22 bln of Kazakhstan assets

Baku. 21 December. REPORT.AZ/ The Bank of New York Mellon has frozen $ 22 billion in Kazakhstan's oil-generated National Fund's assets over a lawsuit launched by Moldovan businessman Anatolie Stati and his companies against the Kazakh government.

Report informs citing the Reuters.

Kazakhstan's National Bank has in turn filed a lawsuit against BNY Mellon. A British court is due to deliver a judgment on that case on Thursday.

Kazakhstan's central bank and justice ministry could not be immediately reached for comment.

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