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Business Daily

What's at stake in Kazakhstan?

Jan 12, 2022
18:17

How might the protests shake up the economy, trade and business in the Central Asian nation?

Ed Butler speaks to Diana Kudaibergenova, a sociology professor at Cambridge University and herself Kazakh, about what motivated the protests, and whether the apparent ouster of former President Nursultan Nazarbayev plus a host of new economic reforms will be enough to appease the protesters.

But what does all this mean for foreign business interests in the country? Kate Mallinson of Chatham House says many Western oil executives will be having sleepless nights, while Russia's President Vladimir Putin may require an economic dividend for his military help in stabilising the situation.

And what of Kazakhstan's other giant neighbour, China? Raffaello Pantucci of the Royal United Services Institute says the upheaval has come at a time when many Kazakhs were questioning the seeming one-sidedness of their increasingly close economic ties.

(Picture: Kazakh security officials stand guard in the aftermath of protests in Almaty; Credit: Pavel Pavlov/Anadolu Agency via Getty Images)

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