Kazakhstan refused to comply with Western anti-Russian sanctions
Category
Economics
Publication date

Kazakhstan refused to comply with Western anti-Russian sanctions

Flag of Kazakhstan
Source:  Bloomberg

The authorities of Kazakhstan have announced a review of their own position regarding compliance with the sanctions imposed by Western countries against Russia.

Points of attention

  • Kazakhstan has decided not to comply with Western anti-Russian sanctions to protect its economy and companies, focusing on finding more profitable ways to export goods.
  • The refusal to comply with the sanctions is driven by the need to avoid severe economic impacts and protect Kazakh producers from trade bans that could hinder their operations.
  • Kremlin's appeal for gasoline supply from Kazakhstan due to Ukrainian drone strikes on Russian refineries highlights the strategic partnership between the two countries.
  • Despite refusing to fully comply with Western sanctions, Kazakhstan maintains major restrictions to prevent negative consequences for its economy.
  • The negotiation between Kazakhstan and Russia for gasoline supply signifies a strategic cooperation that aims to address Russia's urgent need for fuel reserves.

What is known about the reasons for Kazakhstan's refusal to comply with Western anti-Russian sanctions

‎We will not allow our own producers to be banned from trade, - said Deputy Prime Minister of Kazakhstan Serik Zhumangarin

He noted that his country "will not blindly follow the sanctions" if they hinder Kazakh companies.

According to analysts, the change in Kazakhstan's position is dictated by the desire to find more profitable ways to export its goods.

Zhumangarin also noted that his country did not support the ban on the sale of ball bearings to Russia.

At the same time, experts have long drawn attention to the fact that they are one of the so-called "high-priority" military goods necessary for the defense industry of the Russian Federation.

Kazakhstan refused to fully comply with Western sanctions against the Russian Federation
Flags of Kazakhstan and Russia

At the same time, Astana made it clear that it will continue to adhere to the main restrictions, because the country will not survive if it itself falls under sanctions.

What is known about Russia's appeal for aid to Kazakhstan

The American Institute for the Study of War has come to the conclusion that the Kremlin is forced to seek help from Kazakhstan due to powerful strikes by Ukrainian drones on Russian refineries.

Everything is so serious that Putin's team began actively negotiating with its allies regarding the supply of gasoline.

According to Reuters, Moscow has asked Kazakhstan to create an "emergency reserve" of 100,000 metric tons of gasoline for it.

Another anonymous source claims that Kazakhstan and Russia have already reached an agreement that will allow the Russian Federation to use Kazakhstan's gasoline reserves. However, it was not possible to find out about the volume of these stocks.

Category
Economics
Publication date

The IMF is sounding the alarm over Trump's new decision

The IMF assessed the potential consequences of Trump's decisions
Source:  Bloomberg

The head of the International Monetary Fund, Kristalina Georgieva, draws attention to the fact that tariffs imposed by the administration of US President Donald Trump could be a devastating blow to the global economy.

Points of attention

  • The immediate impact of Trump's decisions on global markets highlights the urgency of avoiding steps that could further harm the global economy.
  • IMF emphasizes the need for timely and coordinated actions by the international community to address the challenges posed by escalating trade tensions.

The IMF assessed the potential consequences of Trump's decisions

According to Kristalina Georgieva, she and her team are currently assessing the macroeconomic consequences of the announced tariff measures.

They are a significant risk to the global outlook during a period of sluggish growth, the IMF chief emphasized.

Georgieva calls on the international community not to ignore the fact that the US president's decision instantly caused global markets to collapse.

She also added that it is now extremely important to avoid steps that could further harm the global economy.

We call on the United States and its trading partners to work constructively to resolve trade tensions and reduce uncertainty.

Kristalina Georgieva

Kristalina Georgieva

IMF Head

As mentioned earlier, the team of American leader Donald Trump has imposed a 25% tariff on all foreign-made cars and parts imported into America.

Moreover, the White House announced a 20% tariff on goods from the European Union.

By staying online, you consent to the use of cookies files, which help us make your stay here even better 

Based on your browser and language settings, you might prefer the English version of our website. Would you like to switch?