Kazakhstan decided to lure companies leaving Russia

Suitable conditions

President of Kazakhstan Kassym-Jomart Tokayev declaration In a long meeting of government where the country is developing despite political difficulties. However, “inflation does not stop”. This figure has already reached 14.5%, exceeding the 2015 level.

“We are witnessing a global scramble for investment capital. Almost every second of 1400 large foreign companies suspended their activities or completely left the Russian market. The government should create favorable conditions for their relocation to Kazakhstan. “This will give us good opportunities to increase production of mid- and high-end machining products.”

The head of state recalled that he had instructed the government to prepare a pool of investment projects in the manufacturing industry and to work with potential investors.

“In terms of tangible results, there is little to brag about. There are essentially no new projects,” the chairman complained.

According to him, such projects are primarily implemented in regions. Therefore, the demand will be not only from the ministers but also from the regional leaders to bring them to the final result.

“We will comply with sanctions”

On March 29, Timur Suleimenov, Vice President of Kazakhstan, during his visit to Brussels said: interview Euractiv portal. He stated that one of the aims of his trip was to “show the European partners that Kazakhstan will not be a tool to circumvent sanctions by the US and EU against Russia”.

“We will abide by the sanctions. Although we are in an economic union with Russia, Belarus and other countries, we are also part of the international community. Therefore, the last thing we want is the imposition of US and EU secondary sanctions on Kazakhstan,” he said.

He said refusing to circumvent sanctions was a “two-way street”. On the one hand, a member of the British Parliament called for sanctions to be imposed on Kazakhstan because the country is a member of the Eurasian Economic Union. On the other hand, the authorities of the state located in the center of Eurasia decided to openly explain their plans to the European partners.

“Yes, we will continue to trade with Russia. We will continue to invest and attract investment in Russia: our economy cannot do otherwise. But we will try our best to check the sanctioned goods. We will do our best to control any investment in Kazakhstan on behalf of a sanctioned person or entity,” he said.

He noted that in Kazakhstan, Russia’s military special operation in Ukraine was called “war”.

“Of course Russia wanted us to be on their side. However, Kazakhstan respects Ukraine’s territorial integrity. We do not and do not recognize the situation in the Crimea or the situation in the Donbass, because the UN does not recognize them. “We will only respect the decisions taken at the United Nations level,” he said.

crossing russia

In the same interview, the vice-president noted that due to the conflict in Ukraine, Kazakhstan was cut off from some export routes.

On July 5, a Russian court suspended oil pumping from the Caspian Pipeline Consortium’s oil pipeline. More than two-thirds of Kazakhstan’s entire export oil comes from here. At the current meeting, Tokayev described the diversification of oil resources as one of the main tasks facing the country.

On July 7, Tokayev instructed the country’s authorities to diversify oil supplies. The priority was called the Trans-Caspian route to European countries, passing through China, Kazakhstan, the Caspian Sea and passing through Russia.

Commenting on Tokayev’s decision to create alternative routes for oil exports, Russian presidential spokesman Dmitry Peskov said it was unlikely to be politically motivated.

“We need to look very carefully … Based on environmental parameters, the decision to suspend was made, so here, of course, additional contacts with our Kazakhstani partners will be required,” Peskov said. Said.