According to Ozon Holdings, the sanctions imposed by the European Union (EU) on Ozon Bank will not affect the company’s operations in Kazakhstan or elsewhere.
On July 18, the EU introduced sanctions against Ozon Bank, an indirect subsidiary of Ozon Holdings, banning EU citizens from any transactions with the bank. However, the sanctions are not blocking, and Ozon Bank is not on the EU list of entities whose assets must be frozen.
«The EU sanctions imposed on Ozon Bank do not apply to Ozon Holdings or other Ozon group companies. Ozon Bank has no subsidiaries and...