The Economy of Kazakhstan
Russia, China and Multi-Vector Diplomacy
Kazakhstan balances between Russia, China, the West and Turkey, trading with all sides and joining the Eurasian Economic Union.
Careful balance.
Russia
Historic ties, the EAEU and shared energy routes.
China
A major trade and investment partner under the Belt and Road.
West
Oil investors and financial ties.
Sanctions
After 2022, Kazakhstan has been careful to avoid violating sanctions on Russia.
Trade flows
Kazakh goods and transit cargo move between China and Europe by rail.
Assuming a small economy has no options
Diplomatic balance offers leverage.
Key takeaways
- Kazakhstan balances powers.
- It is in the EAEU.
- China is a key partner.
- Sanctions complicate ties with Russia.
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