Kazakhstan denied blocking assets of Russian banks

Blocking of assets of subsidiary Russian banks in Kazakhstan is connected with the actions of foreign correspondent banks,said the authorities of the republic Madina Abylkasymova

Information about the blocking of funds of citizens of Kazakhstan in subsidiary Russian banks, as well as information about the blocking of assets of Russian banks by Kazakhstan, is not true, RBC was told in the agency of the republic for the regulation and development of the financial market.

“The agency, as a financial regulator, has not taken any measures to freeze customer funds and assets of subsidiary Russian banks and is not authorized to take,” the statement said. The agency emphasized that the blocking of assets is connected with the actions of foreign correspondent banks.

The chairman of the Agency for Regulation and Development of the Financial Market of Kazakhstan, Madina Abylkassymova, previously announced the freezing of funds on the foreign currency accounts of three "daughters" of Russian banks in Kazakhstan. According to her, we are talking about the accounts of Kazakh subsidiaries of such banks as Sberbank, Alfa-Bank and VTB. In total, more than $21 million (9.2 billion tenge) were frozen.

After that, some media, in particular the Moscow Times (its Russian-language website was blocked in RUSSIA at the request of the Prosecutor General's Office), citing the words of Abylkasymova, reported that Kazakhstan "joined the sanctions against Russia."

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At the same time, the authorities of Kazakhstan stated that they did not intend to join the sanctions against Russia. As Kazakh Foreign Minister Mukhtar Tleuberdi noted in an April 7 interview with the Khabar 24 TV channel, the republic "traditionally opposes" sanctions as a "pressure tool", with the exception of sanctions imposed by the UN Security Council. According to him, the application of any sanctions, political or economic, is not the most effective way to resolve international disputes and conflicts. “Therefore, Kazakhstan does not intend to join the sanctions pressure on the Russian Federation and take any steps that would somehow infringe on the interests of Russia and contradict the spirit of our partnership,” the minister said.

At the same time, Kazakhstan noted that they would not help Russia bypass Western sanctions . Falling under secondary sanctions is the last thing the republic wants, said Timur Suleimenov, aide to the president.

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