---
schema_version: "secwatch.filing_event.v1"
accession: "0000924805-22-000020"
form_type: "8-K"
ticker: "FRHC"
cik: "0000924805"
company_name: "Freedom Holding Corp."
filed_at: "2022-03-04T23:59:59+00:00"
generated_at: "2026-06-27T01:48:10.925841+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Freedom Holding suspends Ukraine ops; warns of significant FX losses as KZT falls 14%, RUB 50%

## Summary
- Ukrainian operations suspended; employees offered relocation to Cyprus and Germany; Ukraine revenue <1% of total fee and commission revenue.
- KZT depreciated 14% and RUB 50% vs USD since Jan 1, 2022; anticipates material translation loss in fiscal Q4.
- Central Bank of Russia raised key rate from 9.5% to 20%; NBK raised from 10.25% to 13.5%; expects higher interest expense.
- Equity holdings in SPBX (St. Petersburg Exchange) declined 54%; no plans to liquidate long-term strategic investment.
- Debt securities in KZT with fixed rates 8.80-9.35% face depressive price effect from rate hike; expects recovery if short-term.

## SEC filing metadata
- accession: 0000924805-22-000020
- form_type: 8-K
- ticker: FRHC
- cik: 0000924805
- company_name: Freedom Holding Corp.
- filed_at: 2022-03-04T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/924805/000092480522000020/0000924805-22-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/924805/000092480522000020/frhc-20220304.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000924805-22-000020
- JSON: https://secwatch.observer/filing/0000924805-22-000020.json
- Plain text: https://secwatch.observer/filing/0000924805-22-000020.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.