Kazakhstan bank freeze

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 byContinue Reading

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,”Continue Reading