We should pay attention to the economy – the Ministry on the impact of anti-Russian sanctions - News | BNews

We should pay attention to the economy – the Ministry on the impact of anti-Russian sanctions

18 April, 17:00 287
We should pay attention to the economy – the Ministry on the impact of anti-Russian sanctions

For today, there is no need to reduce the participation of Kazakhstan’s companies in the structure of the companies from Russia.

Deputy Minister for Investments and Development Timur Toktabayev at the IX Central-Asian Mining Forum told about the impact of anti-Russian sanctions on the development of enterprises of Kazakhstan and Russia, as a whole on the economy of our state in the light of the current situation, BNews.kz correspondent reports.

“It is certain that sanctions have unexpected nature. But, we are in the single economic space with our neighbouring states, we should take it into account. We understand it well. We are concerned, of course, about the economy, to avoid harmful effects on our enterprises. To this end, the government takes the relevant measures. Now, we need to pay attention to the development of situations and then make conclusions, because everything regarding the mining complex, supply of raw materials, ore is a huge process, and takes a lot of time. It is impossible to stop all this within one day, therefore, I think, we will consider all as the process goes,” said the Deputy Minister.

As Toktabayev noted, for today, there is no need to reduce the participation of Kazakhstan companies in the structure of the companies from Russia, that are in the black list. The sanctions concerned only certain companies. In general, the Russian enterprises operate successfully.

"Everything about economic wars, sanctions, and politics is not predictable, so we should still consider the economy. We have a very large turnover with Russia. Within the framework of the Common economic space, there are great prospects for increasing our capacities, so I do not see the need to decrease in this direction. It is clear that Kazakhstan as an independent state should take these risks into account, diversify our flows in order to be protected," he said.

According to him, the sanction will impact in any way, and their degree will be known after some time.

“The sanctions affect in any way. The issues is about the degree, whether critical or not. For now, everything is calculated. I think that the dynamics should be considered. Let’s wait within a month, two months. Then, everything will be clear,” said the Deputy Minister.

We note that Astana holds the IX Mining Forum MINEX Central Asia, where the participants openly discuss the issues of soil use in the Central Asian states.

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