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Mutual West-Russia sanctions to have impact on Kazakhstan

September 02, 2014, 10:37 UTC+3 2 2/9
It will lead to serious changes in established international economic relations and lower economic growth, President Nursultan Nazarbayev says
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© ITAR-TASS/Michael Metzel

ASTANA, September 02./ITAR-TASS/. Economic sanctions mutually imposed by Western countries and Russia will have an impact on Kazakhstan, President Nursultan Nazarbayev said on Tuesday, addressing the parliament.

"The new session of the parliament opens under uneasy conditions. Unpredictability remains in the world’s economy, and geopolitical risks become deeper, including in connection with complicated international relations over Ukraine,” the president said.

States producing 60% of the world’s GNP use sanctions against each other. It will lead to serious changes in established international economic relations and lower economic growth. This will influence Kazakhstan as well, he said.

The Kazakh president urged to take measures to prevent possible negative challenges for the country’s economy, people’s welfare and national security and called for coordinated work of the parliament and the government to use opening opportunities.

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