Kazakhstan has received $365 million in dividends from Eurasian Resources Group (ERG) that had been frozen in Luxembourg, Finance Minister Madi Takiyev said at a recent government briefing.
«This year, we received $365 million in dividends for previous years,» Takiyev said. «For 2024, the financial statements have just been completed; I haven’t seen the results yet. We’ll review those next year. But for 2021-2022, we received our money. They were unblocked.»
ERG’s ownership is split among the Ministry of Finance of Kazakhstan (40%), the heirs of the late Alexander Mashkevich and the Ibragimov...