Kazakhstan Receives USD 365 Million from Eurasian Resources Group for 2021–2022
Photo: Pixabay, illustrative purposes
Eurasian Resources Group’s 2021–2022 profits have given Kazakhstan $365 million, Orda.kz reports.
These funds are the profit of Eurasian Resources Group for 2021-2022. The funds had been frozen. Finance Minister Madi Takiyev announced the receipt of the funds at a press conference.
This year we received $365 million in dividends for previous years. The 2024 financial statements have only just been finalized, so I haven’t seen the results yet. But for 2022 and 2021, we received our money. They were unblocked,
Takiyev said.
ERG is registered in Luxembourg. Forty percent of its shares are controlled by the government of Kazakhstan, while the remaining 60% are owned by Patokh Chodiev, the Ibragimov family, and the heirs of the late Alexander Mashkevich.
Original Author: Ayanrafi Narikbaeva
Latest news
- Kazakhstan’s Credit Rating Upgraded for First Time in a Decade
- While Thousands Lost Power, KEGOC Executives Received Nearly Half a Billion Tenge
- Changi Airport Group May Help Build Astana’s New Airport
- US Again Extends Deadline for Lukoil to Sell Its Assets in Kazakhstan
- Kazakhstan Extradites Business Manager From Russia in 290 Million Tenge Tax Case
- Released Amur Tiger Successfully Hunts in Kazakhstan’s Wild
- Kazakhstan Moves to Develop Critical Minerals as Global Competition Intensifies
- Another Performance by Kazakh Stand-Up Comedian Called Off
- Uzbekistan Begins Preparations for Second Nuclear Power Plant
- Backpack Links Glacier Remains to Man Missing for 19 Years
- 650-Hectare Wildfire Contained in Karaganda Region
- Unusual Wildlife Encounter Captured in Altyn-Emel
- Retired Border Service Dog Sold for $2 at Kazakhstan Auction
- Will Kazakhstan Have Enough Coal This Winter?
- Belarusian Hikers Find Body on Glacier Near Almaty
- Kazakhstan Investigates Spending on 242 Million Tenge Educational Game
- Kazakhstan Makes Caspian Oil Companies Pay for Counterterrorism Deployments
- Kazakhstan Faces Shortage of 245,000 School Places
- Waste Dumping Reported Near Yurt Camps at Lake Zaisan
- Kazakh Oil Rerouted to Novorossiysk as Russia Frees Baltic Export Capacity
