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In general you can activate steam keys anywhere in the world, with the exception of region locked keys from regions like Russia, South America or China where games are much cheaper.
this is what you should have said in your op.
Are there country restrictions on Steam Wallet codes?
Steam Wallet codes typically do not have any country restrictions and can be redeemed worldwide (Note, some cards issued in Southeast Asia may only be redeemable in this region).
and...
Can I redeem a Steam Wallet code that is in a different currency?
Yes, however you will be prompted to convert the value of the Steam Wallet code to the currency of your Steam Wallet as shown below. The daily currency conversion rate will be applied.
https://support.steampowered.com/kb_article.php?ref=1122-RTSC-0478#restrictions
read my last post please.
this is not about cd keys.