Ukrainian Prime Minister Arseniy Yatsenyuk intends to introduce a ban on oil product imports from Russia.
In spite of a massive depreciation of the Kazakh tenge, further measure need to be taken to help the domestic manufacturers in Kazakhstan.
National Bank of Kazakhstan released data on Kazakh tenge real exchange rate against the currencies of Kazakhstan's major trade partners.
Governor of the National Bank of Kazakhstan Kairat Kelimbetov sees the current tenge exchange rate as adequate under the circumstances.
Kazakh Minister of Energy Vladimir Shkolnik says that the price for petrol in Kazakhstan will depend on the Russian ruble.
The President of Kazakhstan Nursultan Nazarbayev and Almazbek Atambayev, President of Kyrgyzstan, have opened the customs border between the two countries.
Russians hit out against government plans to destroy hundreds of tonnes of Western food smuggled into the crisis-hit country.
Russian President Vladimir Putin extended a ban against most Western food imports for a year, saying the longer-than-expected measure would ensure the country's security.
Russia is to ban fish imports from the Baltic states of Latvia and Estonia, its food safety watchdog said Friday, citing violations.
Kazakhstan has introduced a 45-day ban on import of fuel from Russia. Some are worried that this will be the beginning of a new fuel deficit in the Central Asian economy. KazMunaiGas has a different view.
The measure will have no impact on the price of fuel. The Energy Ministry has set price ceilings for both gasoline and diesel fuel: Vice Minister of Energy.
First Deputy Prime Minister of Kazakhstan has officially refuted the reports suggesting that the largest Central Asian economy was intending to ban or limit imports from Russia.
Media reports suggest that Kazakhstan may resort to restricting Russian imports due to the pressure its domestic market from the significantly cheaper products offered by its Northern neighbour.
The time of the meeting is to be shortly agreed on, according to Andrei Slepnev, Minister of Trade of the Eurasian Economic Committee.
Kazakhstani enterprises find themselves under increasing pressure with cheap products being imported from Russia. Some are calling for customs duties on the border between the Kazakhstan and Russia to be reintroduced.
Despite the drop in oil prices, Kazakhstan’s National Fund continues to grow.
According to him, The legislation framework of the Customs Union enables its member states to take concerted actions in response to economic pressure exerted on any of the member states by a third party.
According to Vice Minister for Investments and Development, Kazakhstan has a vast cement production potential, however in the current year the country has imported over 1 million tons of cement.
Kazakhstan is not strongly influenced by the changes in the currency rate of the Russian ruble.
Russia may try to impose limitations on food transit from the European Union to Kazakhstan to prevent re-export of goods to Russia.
- exchange rate
- National Bank
- Central Bank
- Eurasian union
- Customs Union
- Nursultan Nazarbayev
- Central Asia
- Pavlodar Oblast
- Samruk Kazyna
- US dollar
- European Union