Accessibility links

Breaking News

Kazakhstan Drafts Plan To Protect Economy From Ukraine Sanctions


The government of Kazakhstan has drafted a plan to prevent possible effects to the country's economy by Western sanctions against Russia over the situation in Ukraine.

Kazakhstan's Economy Minister Erbolat Dosaev said at a cabinet session in Astana on August 6 that the plan had been drafted at President Nursultan Nazarbaev's request and would come into effect as of September.

The details of the plan were not revealed.

Dosaev added that his ministry is working on "adapting the economy and businesses" to the conditions of the Eurasian Economic Union. Kazakhstan, Russia, and Belarus are members of the union, which is scheduled to start functioning in January 2015.

Nazarbaev, who attended the cabinet session, called on the government to "thoroughly" follow the situation on world markets and adapt economic policies accordingly.

With reporting by KazTAG
  • 16x9 Image

    RFE/RL's Kazakh Service

    RFE/RL's Radio Azattyq has been an important source of information for people in Kazakhstan for decades. In 2009, Azattyq won the prestigious 2009 Online Journalism Award for "standing in defense of citizen’s rights to seek and receive information."

XS
SM
MD
LG