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
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