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

How Smart Mattresses Improve Sleep Quality For Couples

May 9, 2025

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 9
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

    May 9, 2025

    Trump Announces First Post-Tariff Trade Deal

    May 8, 2025

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • 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  Myanmar Remains World’s Leading Source of Illegal Opium Cultivation

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  Stocks making biggest moves midday: Carvana, Goldman Sachs, AT&T

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

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

Trump Admin Ready To Provide Another Round Of Financial Aid To Farmers Impacted By China Trade War

April 28, 2025

‘They Came With Their A Game’: Donald Trump, Scott Bessent Reveal Which Country Could Be Close To Making Trade Deal

April 24, 2025

Ending China’s De Minimis Exception Brings 3 Benefits for Americans

April 17, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Elon Musk’s Choice for Twitter CEO Is NBC Advertising Exec and World Economic Forum Chair Linda Yaccarino

May 12, 2023

Brooks Koepka Surges to the Lead at P.G.A. Championship

May 21, 2023

Warner Bros. Discovery Cuts DEI Executive Karen Horne

July 2, 2023

‘A different type of fatigue’: Living with Parkinson’s

March 8, 2023
Don't Miss

How Smart Mattresses Improve Sleep Quality For Couples

Lifestyle May 9, 2025

Sharing a bed with your partner can be romantic… until it’s not. One of you…

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025

Trump Announces First Post-Tariff Trade Deal

May 8, 2025
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 (4,111)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,628)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

Mars Shakes Up The Snack World With A Game-Changing $36 Billion Buyout Of Kellanova

August 14, 2024

14 Best Deodorants for Sweat (Derm-Approved) in 2023

July 15, 2023

The State of South Asia in 2023

December 29, 2023
Popular Posts

How Smart Mattresses Improve Sleep Quality For Couples

May 9, 2025

OpenAI CEO Warns: ‘Not A Huge Amount Of Time’ Until China Overpowers American AI

May 9, 2025

Short and Funny Sayings for a Happy Summer with Friends

May 9, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

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