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Kazakhstan mulling introduction of restrictions on Russian imports — media

February 06, 2015, 11:21 UTC+3 MOSCOW
Such restrictions may threaten the economic integration of the two countries
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Russian-Kazakh border

Russian-Kazakh border

© ITAR-TASS/Dmitry Rogulin

MOSCOW, February 6. /TASS/. Kazakhstan is considering the introduction of restrictions on importing a number of Russian goods as Kazakhstani producers find it increasingly difficult to compete with them in prices, the Kommersant daily reported on Friday.

Importing to Kazakhstan is not strategically important for most Russian companies. However, such restrictions may threaten the economic integration of the two countries, the newspaper added.

Today, Kazakhstan and Russia are expected to discuss bilateral trade issues, sources in Russia’s Ministry of Agriculture and Eurasian Economic Commission told Kommersant. According to the sources, Astana insists on introducing restrictions or even a ban on a number of Russian products as the devaluation of the Russian ruble (by 47% against Kazakhstani national currency tenge) threatens Kazakhstan’s domestic market. The products under consideration include petroleum products, automobiles, construction and building materials, along with poultry, eggs, confectionery, flour and juices.

The source in Russia’s Agriculture Ministry said the negotiations have been held for a week, and "there are no sufficient grounds for introducing any restrictions." The Customs Union did not register a sharp growth of import from Russia to Kazakhstan over the past weeks, the source added.

Infographics The Eurasian Economic Union starts its work The Eurasian Economic Union starts its work
The Treaty on the establishment of the Eurasian Economic Union comes into effect on January 1. Infographics by TASS

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