Kazakhstan Won’t Enforce $1.4B Gazprom Asset Seizure

Kazakhstan will not enforce a special court's decision allowing Ukraine's Naftogaz to collect a $1.4 billion international arbitration award from Russia's Gazprom, Justice Minister Erlan Sarsembayev has declared just days after Kazakhstan’s AIFC court upheld the award.

The legal battle stemmed from a 2019 contract for Russian natural gas transit through Ukraine.

Following Russia's 2022 invasion, Naftogaz declared force majeure at a major distribution station, prompting Gazprom to stop fully paying for transit services.

In September…