Stati Case: Kazakhstan Returned Frozen National Fund Assets

Under the terms of the settlement agreement with Moldovan businessmen Anatolie and Gabriel Stati, the National Bank has recovered the assets of the National Fund, previously blocked in Sweden, Orda.kz reports.

The National Bank reports that the settlement agreement assumes that the Stati party will no longer lay claim to funds from the National Fund. 

This opens up new opportunities for increasing operational flexibility and attracting a wider range of potential investment partners, the National Bank said in a statement.

The specific terms of the agreement are confidential.

The decision could concern the $22 billion frozen by the decision of the Stockholm arbitration court in 2013. 

Most of these assets have already been “unfrozen” ($21.5 billion in 2019 and another $530 million in 2023).

Original Author: Nikita Drobny