Adoption of anti-Russian sanctions in Western countries and Russia’s response may cause repercussions in Kazakhstan, according to President Nursultan Nazarbayev at the opening of a new session of the Kazakhstani parliament. He noted that the world economy was still in an unpredictable situation, geopolitical risks were rising. In his words, sanctions were imposed by countries controlling a total of 60% of the world's GDP, ITAR-TASS reports.
Andrey Chebotarev, the director of the Alternativa Center for Actual Studies, opined that the sanctions could have an indirect impact on Kazakhstan through Russian enterprises in the republic. As an example, he said that the pipe-manufacturing consortium of the Caspian Sea has shares of Kazakhstan, Russian and Western companies. New sanctions may paralyse it.
Eduard Poletayev, an expert from Kazakhstan, said that evaluating the short-term effects of the sanctions was quite complicated. He reminded that functionaries had looked at the sanctions as an opportunity for Kazakh manufacturers to increase exports to Russia and make more money. Kazakhstan, in his opinion, is mostly worried about rising prices that could hit consumers. Poletayev added that the president’s speech at the parliament could have been one of the pep talks to stimulate functionaries for better work.
Adoption of anti-Russian sanctions in Western countries and Russia’s response may cause repercussions in Kazakhstan, according to President Nursultan Nazarbayev at the opening of a new session of the Kazakhstani parliament. He noted that the world economy was still in an unpredictable situation, geopolitical risks were rising. In his words, sanctions were imposed by countries controlling a total of 60% of the world GDP, ITAR-TASS reports.Andrey Chebotarev, the director of the Alternativa Center for Actual Studies, opined that the sanctions could have indirect impact on Kazakhstan through Russian enterprises in the republic. As an example, he said that the pipe-manufacturing consortium of the Caspian Sea has shares of Kazakhstan, Russia and Western companies. New sanctions may paralyze it.Eduard Poletayev, an expert from Kazakhstan, said that evaluating short-term effects of the sanctions was quite complicated. He reminded that functionaries had looked at the sanctions as an opportunity for Kazakh manufacturers to increase exports to Russia and make more money. Kazakhstan, in his opinion, is mostly worried about rising prices that could hit consumers. Poletayev added that the president’s speech at the parliament could have been one of the pep talks to stimulate functionaries for better wo
