Kazakhstan bank freeze
Asia Kazakhstan United States

Kazakhstan: US Bank Freezes $22Bln in National Fund Assets

Astana (EAN) – A leading US bank has frozen $22 billion worth of assets belonging to Kazakhstan’s sovereign fund amid a long-running legal dispute between Astana and a pair of Moldovan investors, Reuters news agency reported on December 21. Reuters cited an unnamed source familiar with the issue as saying that the asset freeze by the Bank of New York […]

Asia Kazakhstan South Korea Uzbekistan

South Korea Looking for Ways to Boost Central Asian Trade

Seoul (EAN) – South Korean officials have established an agency to deepen the country’s trade ties with Central Asian states. The initiative signals South Korea’s intent on raising its economic profile in Central Asia. Officially named the Korea-Central Asia Cooperation Forum Secretariat, the agency is an outgrowth of South Korea’s 2013 “Eurasia Initiative,” launched under former president Park […]