How many assets were returned to the National Fund following the Stati case?

"I believe this is one of the positive news stories of recent days. They (the assets – ed.) were frozen a long time ago – it was 10 years ago, when the assets of the National Fund were frozen in the amount of approximately 80 million dollars.

As part of this settlement between the republic, the assets of the National Fund were unfrozen and returned to the management of the National Fund of Kazakhstan as a result of the professional work of the government and the National Bank," – reported Timur Suleimenov.

Let us remind you that recently the government, the National Bank of Kazakhstan, and the Stati parties completed the settlement process of a prolonged dispute over oil and gas assets in Kazakhstan. It was reported that the agreement on the final settlement serves as the basis for the termination of all ongoing disputes without the right to resume them in the future.

The Ministry of Justice emphasized that with the conclusion of the dispute, Kazakhstan gains additional opportunities for economic development, including attracting investments.

The Stati Case

On November 16, 2021, the Brussels Court of Appeal established that the Stati committed fraud before, during, and after the arbitration. This decision led to the cancellation of the temporary arrest of assets worth more than 530 million US dollars belonging to the National Fund of Kazakhstan, which are held at Bank of New York Mellon.

On December 2, 2021, the Luxembourg Court of Appeal suspended the recognition and enforcement of the arbitration ruling due to a criminal investigation against the Stati. In September and December 2022, Anatol and Gabriel Stati were officially charged with fraud, document forgery, and money laundering.

In January 2023, it became known that a Dutch court refused to recognize and enforce the arbitration ruling of 530 million US dollars in the Stati case.

In June 2023, it was reported that the Supreme Court of Sweden denied the National Bank of Kazakhstan the right to appeal in the case of Moldovan businessman Anatol Stati.

In September 2023, it became known that Kazakhstan won the Stati case concerning the arrest of shares in Kashagan in the Netherlands. The Supreme Court of the Netherlands confirmed the cancellation of the arrest of shares in KMG Kashagan – Stati's appeal in this matter was rejected.

Additionally, in March of this year, deputy Azat Peruashyev stated that Kazakhstan spent twice as much in the legal battle as the amount claimed by the Stati.

In July, it was reported that the government of Kazakhstan, the National Bank of Kazakhstan, and the Stati parties signed a framework agreement for a peaceful and mutually acceptable resolution of the dispute over oil and gas assets.