• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Non-Woke Box Office Rebounds (Except for ‘Star Wars’ — LOL)

June 23, 2026

Golf Channel Analyst Calls Long Island Fans a ‘Stain’ on the Game

June 23, 2026

One Dead, 1700 Evacuated as Inferno Races Through Popular Caribbean Resort

June 23, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Tuesday, June 23
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Joy Reid Claims Black People Aren’t Excited For July 4th, Juneteenth Is The ‘Real Thing’

    June 23, 2026

    Democrats Are Turning Out In Droves — Even In MAGA Country

    June 23, 2026

    Trump’s Midterm Election Rigging Scheme Handed Big Loss

    June 23, 2026

    Senate Passes Major Housing Bill As Citizens Continue To Miss Out On Key Pillar Of American Dream

    June 22, 2026

    Trump Melts Down When Reporters Challenge His Reflecting Pool Vandalism Story

    June 22, 2026
  • Health

    7 Signs You Need Physical Therapy (And How To Find the Right Provider)

    June 23, 2026

    Kidney transplant, livestock disease, Texas: Morning Rounds

    June 22, 2026

    The Hidden Hormone Controlling Your Energy, Mood, And Recovery

    June 22, 2026

    A New Way To Hit Pancreatic Cancer’s Hardest Target

    June 22, 2026

    Ebola Congo: 1,000 cases, 254 deaths, still a search for patient zero

    June 22, 2026
  • World

    One Dead, 1700 Evacuated as Inferno Races Through Popular Caribbean Resort

    June 23, 2026

    Former Federal Reserve Chair Alan Greenspan Dies

    June 23, 2026

    Polish President to Strip Zelensky of Top Honor over WW2 Dispute

    June 23, 2026

    Supreme Court Reinstates Murder Conviction In Case Of Etan Patz, Missing NYC Boy

    June 23, 2026

    51 Dead or Missing After Migrant Boat Capsized Off Libya Coast

    June 23, 2026
  • Business

    Influential Economic Policy Center Bankrolled By Shady Dating App Founder

    June 19, 2026

    Dem Senator‘s 22-Year-Old Son Raises Eyeballs After Raking In $30 Million Investment

    June 19, 2026

    Jeff Bezos Claims AI Boom Will Actually Lead To Labor Shortages

    June 17, 2026

    Are You Gay Enough To Get A California Utilities Contract? Here’s The Test

    June 17, 2026

    Jersey Mike’s Overtakes Chick-Fil-A As Highest Rated Fast Food Chain

    June 17, 2026
  • Finance

    Intel CEO gives investors a reality check

    June 23, 2026

    China’s 618 shopping festival growth slows sharply as consumer spending malaise persists

    June 23, 2026

    Borrowing need will dictate your interest rate

    June 23, 2026

    52-year-old Outback Steakhouse rival chain closes 24 locations

    June 22, 2026

    Ex-Trump advisor makes bold case for Bitcoin

    June 22, 2026
  • Tech

    Elon Musk’s SpaceX IPO Spurs Momentum for Orbital AI Data Centers

    June 23, 2026

    Netflix’s Mega Podcast Venture Failing to Earn Fans

    June 23, 2026

    Texas Grandma Killed by Tesla Crashing into Home, Driver Claims ‘Autopilot’ Active

    June 22, 2026

    Asbestos Discovered in 1,000 UK Wind Turbines Imported from China

    June 22, 2026

    ‘F**k These Weird Ass Vultures’

    June 22, 2026
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»Kazakhstan Moves to Curtail Parallel Trade to Russia
Finance

Kazakhstan Moves to Curtail Parallel Trade to Russia

May 10, 2023No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Kazakhstan Moves to Curtail Parallel Trade to Russia
Share
Facebook Twitter LinkedIn Pinterest Email

Crossroads Asia | Economy | Central Asia

The cost of electronics and household appliances in Russia may increase by 10-12 percent due to new restrictions at the Kazakh border.

Advertisement

In recent months, customs controls in Kazakhstan have tightened, and the effects are starting to be felt in Russia. As Astana tries to avoid secondary sanctions, the country has begun to crack down on efforts to circumvent sanctions by routing goods through Kazakhstan. While Russia has legalized so-called parallel imports — the supply of products without the copyright holder’s permission — Kazakhstan has decided to block such transactions. 

Many companies, like Samsung, LG, Apple, Bosch, and others, opted to slow or pause sales in Russia in response to the invasion of Ukraine. Yet these goods are sold in nearby countries, like Kazakhstan and Uzbekistan, which can serve as transit points for in-demand items. 

Washing machines are one example. As the Financial Times reported in March: “the number of washing machines exported to Russia from Kazakhstan rose from zero in 2021 to almost 100,000 in 2022.”

In March, Eurasianet’s Joanna Lillis reported that as of April 1 Kazakhstan aimed to introduce an online system “designed to track all goods entering and exiting the country” in order to “demonstrate compliance with Western efforts to isolate Russia’s economy in reprisal for the ongoing invasion of Ukraine.”

Earlier that month Reuters had reported on a stark rise in requests from Russian companies to their counterparts in Kazakhstan to help import a huge range of goods, everything from rare earth metals to turbines, railway bearings to plastic bank cards. 

See also  Trump Says 'Russia Should Make a Deal', His Focus Now on Ukraine

Enjoying this article? Click here to subscribe for full access. Just $5 a month.

This week Kommersant, a Russian paper, reported that the cost of electronics and household appliances may increase by 10-12 percent due to new restrictions at the Kazakh border, suggesting that the the April implementation of Astana’s new system is having an impact, at least on the planning of Russian importers. Russian companies reportedly have begun to turn to other alternative routes, such as through China, Kyrgyzstan, the United Arab Emirates, and other countries, but the costs are rising.

The introduction of a system to track imports and exports addresses the fact that Russia’s and Kazakhstan’s economies are tangled together. As members of the Eurasian Economic Union (EAEU), trade is supposed to move smoothly across their border. And in the early months of Russia’s war in Ukraine, Kazakhstan saw a spike in trade. Exports from Kazakhstan to Russia in 2022 rose by a quarter, up to $8.8 billion.

Given the technology involved in modern appliances, European officials aired concerns in late March that Moscow may be extracting semiconductors from washing machines and cameras, turning objects not necessarily associated with the military-industrial complex into dual-use goods.

Advertisement

It’s clear that Astana remains wary of coming under secondary sanctions. In late April, senior U.S. Treasury and Commerce officials traveled to Kazakhstan, including Assistant Secretary for Terrorist Financing and Financial Crimes at the U.S. Department of the Treasury Elizabeth Rosenberg and Assistant Secretary for Export Enforcement at the U.S. Department of Commerce Matthew Axelrod. The U.S. government readout of the visit heralds Kazakhstan as a close partner in “countering the evasion of sanctions and export controls imposed on Russia for its war against Ukraine.” The statement went on to note that “Axelrod shared the importance to Russia of acquiring specific semiconductors and other electronic integrated circuits to power its missiles and drones, and stressed the urgency of preventing Russia from evading coalition export restrictions by transshipping such items through Kazakhstan.” 

See also  Vietnam, Israel Conclude Negotiations for Free Trade Pact

A less rosy interpretation of the visit is as a warning: The U.S. side communicating that it’s known that these goods are transiting Kazakhstan into Russia. And so, shutting down parallel imports is a big step for Kazakhstan but likely a necessary one to avoid the secondary sanctions it has worried about since the start of the war.

Curtail Kazakhstan Moves Parallel Russia trade
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Intel CEO gives investors a reality check

June 23, 2026

China’s 618 shopping festival growth slows sharply as consumer spending malaise persists

June 23, 2026

Borrowing need will dictate your interest rate

June 23, 2026

52-year-old Outback Steakhouse rival chain closes 24 locations

June 22, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Critics Rip Sean Hannity, Kellyanne Conway Over ‘Decency’ Claim

June 17, 2026

Taliban Shuts Down Pakistan Border Crossing amid Reports of Gunfire

March 1, 2023

Retiring U.S. Soccer Star Megan Rapinoe Says She Welcomes Men on Women’s Team Roster

July 11, 2023

Dow Jones Futures: Nasdaq, Nvidia Break Key Support As AI Stocks Sell Off; What To Do Now

August 10, 2023
Don't Miss

Non-Woke Box Office Rebounds (Except for ‘Star Wars’ — LOL)

Entertainment June 23, 2026

They told us streaming killed the box office. They told us the pandemic killed the…

Golf Channel Analyst Calls Long Island Fans a ‘Stain’ on the Game

June 23, 2026

One Dead, 1700 Evacuated as Inferno Races Through Popular Caribbean Resort

June 23, 2026

7 Signs You Need Physical Therapy (And How To Find the Right Provider)

June 23, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,386)
  • Entertainment (5,259)
  • Finance (3,886)
  • Health (2,327)
  • Lifestyle (1,893)
  • Politics (3,653)
  • Sports (4,618)
  • Tech (2,296)
  • Uncategorized (4)
  • World (5,166)
Our Picks

Not the Environmental Panacea It Is Claimed to Be

June 10, 2023

Wall Street ends down, snaps weekly winning streak on Fed worries

June 25, 2023

Farmers Insurance Pulls Out Of Florida, Forcing Around 100,000 To Seek New Coverage

July 12, 2023
Popular Posts

Non-Woke Box Office Rebounds (Except for ‘Star Wars’ — LOL)

June 23, 2026

Golf Channel Analyst Calls Long Island Fans a ‘Stain’ on the Game

June 23, 2026

One Dead, 1700 Evacuated as Inferno Races Through Popular Caribbean Resort

June 23, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.