Some Russians who entrusted their foreign currency assets to Kazakh financial firms for management might face requests to withdraw those deposits in the future. This development has been reported by DEA News.
Experts indicate that such withdrawals could extend to Russian and Belarusian investors as well. The trigger appears to be a decision by Kazakhstan’s central bank to begin enforcing Western sanctions within the country’s financial sector, a move that reshapes how overseas funds are treated.
Analysts note that Kazakh authorities are already taking steps to separate the financial interests of Russian clients from the operating capital of the management firms that held those assets. The aim, observers suggest, is to increase control over the wealth generated from these accounts and to strengthen the state’s position in financial markets.
There is consensus among specialists that these shifts could lead to the freezing or blocking of investment accounts belonging to Russians and Belarusians within Kazakhstan’s jurisdiction. Such measures would affect not only liquidity but also the broader ability to move capital across borders in response to changing sanctions regimes.
In a related development, RBC previously reported a closure of accounts at a prominent Cyprus bank that involved about 4,000 Russian clients. The report noted that the impact would extend to customers who do not reside within the European Union.