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Bank of New York Mellon said it had frozen $22.6 billion in assets held by Kazakhstan’s National Oil Fund in a rare move that escalates a legal battle between the government and a Moldovan investor. According to Reuters, Moldova’s Anatolie Stati and his companies had earlier won damages against the Kazakh government, and his pursuit of payment has resulted in some 40% of the oil revenue-supported fund being frozen. Putting the freeze in context, it is roughly equivalent to 17% of Kazakh GDP.