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Kazakhstan denied blocking assets of Russian banks

Posted on 23/05/2022 by Admin Leave a Comment on Kazakhstan denied blocking assets of Russian banks

The blocking of assets of subsidiary Russian banks in Kazakhstan is connected with the actions of foreign correspondent banks, the authorities of the republic said

Madina Abylkassymova

Information about the blocking of funds of Kazakh citizens 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 republic's agency 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 Russian subsidiary banks and is not authorized to take,” — said in it. The agency emphasized that the blocking of assets is related to the actions of foreign correspondent banks. of Russian banks in Kazakhstan, the chairman of the Agency for Regulation and Development of the Financial Market of Kazakhstan, Madina Abylkasymova, said earlier. According to her, we are talking about the accounts of Kazakhstani “daughters” banks such 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.”

At the same time, the authorities of Kazakhstan stated that they did not intend to join the sanctions against Russia. As noted on April 7 in an interview with the Khabar 24 TV channel, Kazakh Foreign Minister Mukhtar Tleuberdi, the republic “traditionally opposes” sanctions as an “instrument of pressure”, 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 in any way infringe upon 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. Get under secondary sanctions— this is the last thing the republic wants, said Timur Suleimenov, aide to the president.

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