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UPDATE 1-Kazakhstan says freeze lifted on $22 bln in oil fund assets [Reuters (UK)]

BANK of NEW YORK MELLON (BK)  More Company Research Source: Reuters
Last bank of new york mellon earnings: 4/19 06:30 am Check Earnings Report
PDF Kazakhstan says freeze lifted on $22 billion in oil fund assets | Reuters Reuters Staff 2 Min Read ALMATY (Reuters) - A Dutch court has lifted a freeze on Kazakh sovereign fund’s assets worth $22 billion, the Central Asian nation’s Justice Ministry said on Wednesday. The assets held by the fund’s custodian, Bank of New York Mellon ( BK.N ), were frozen last October after a lawsuit by Moldovan businessman Anatolie Stati who seeks to enforce a $500 million arbitration ruling against the Astana government. The freeze had shocked the oil-exporting nation and the sovereign fund industry, partly because of the disproportion between the size of the claim and that of the frozen assets. Stati, his son Gabriel and their companies were investors in Kazakhstan’s oil and gas industry. They say they have been subjected to harassment from the state aimed at forcing them to sell their investments cheaply. Kazakhstan denies the allegations, but Anatolie and Gabriel Stati and two of their companies â [Read more]

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