Kazakhstan is eyeing the newly created niche in the Russia market that was previously occupied by now banned importers of food from the countries supporting anti-Russian sanctions.
Russia, Belarus and Kazakhstan signed an agreement to launch the Eurasian Economic Union May 29, 2014 in Astana, Kazakhstan’s capital city. The Union comes into force January 1, 2015.
Kazakhstan’s international reserves, including the gold and FX reserves of the Central Bank and the assets of the National Oil Fund grew from $95.507 to $103.754 billion from January to July 2014.
According to the Fund’s estimates, the inflation ratio is expected to reach 9%, “although the Government has been trying to keep the inflation ratio within the range of 6-8%”.
May 29 RosAtom and KazAtomProm signed an MoU on cooperation to construct a nuclear power plant relying on Russia-made pressurized-water reactors capable of 300-1200 megawatt.