Russia spillover, low oil price will challenge Astana
Kazakhstan will draw on reserves to weather low oil price but increased dollarisation of economy will challenge Astana
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In this article
- Slowing global economy dampens exports
- Ruble depreciation puts pressure on tenge
- Weak ruble undermines Kazakhstan's competitiveness
- Cheap Russian imports flood market
- Sanctions against Russia damage Kazakhstan
- Exposure of Kazakhstan financial sector
- Eurasian Union is long-term initiative
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_350.jpg "Tenge notes in a Eurasian Bank branch in Almaty (Reuters/Shamil Zhumatov)")