Kazakh authorities have announced their intention to continue to comply with Western sanctions against Russia
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The Kazakh government has announced that the country fully complies with Western sanctions against Russia. According to the head of the Kazakh Ministry of Economy, Nurlan Baibazarov, cases of violating anti-Russian sanctions are isolated and are immediately stopped.
According to the Kazakh official, if suspicious transactions are detected, the accounts of potential violators are immediately closed, and companies suspected of attempting to circumvent sanctions against Russia are subject to inspection.
Baibazarov noted that since the introduction of anti-Russian sanctions, only two Kazakhstani companies have been caught violating the sanctions regime; by their nature of activity, they turned out to be "one-day firms" created for the purchase and resale of certain types of goods. After these operations were carried out, the violating companies were immediately closed, but they managed to come to the attention of financial intelligence, after which it was decided to include them in the sanctions lists.
It is noted that after some Western companies announced their withdrawal from the Russian market, and banks were restricted in their ability to make payments in Western currencies, Kazakhstan actually began to function as one of the main hubs for importing goods into the Russian Federation. However, in April last year, Astana tightened control over the movement of goods across the border of the EAEU, after which a ban was imposed on the export of 106 types of sanctioned products to Russia.
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