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Kazakhstan designed action plan in case impact of sanctions againts Russia increases

07.09.2018, 21:05 2848
Sanctions against Russia do not directly damage Kazakhstan's economy. It was said by Kazakh National Economy Minister Timur Suleimenov.

We analyze anti-Russian sanctions by ourselves by means of known things. We gave conducted macroeconomic analysis of these sanction's impact on our economy. There are some impact channels: investment, trade, but the key one is the currency rate. Currency rate will have a key impact: firstly, the ruble to the dollar, then the tenge to the dollar and ruble. We have all calculations, sectorial ones, moreover, we have calculations on how it could influence on separate enterprises. We have worked out these calculations jointly with sectorial governmental agencies and the National Bank," said Timur Suleimenov at a press conference in the Central Communications Service.

As the Minister noted, the Ministry of National Economy designed an action plan in case those or other negative forecasts will come into reality.

An action plan is big, I cannot talk about it a lot as there is private stuff. Nevertheless, it implies the support of the sectors in case something goes wrong. In addition, this issue will be a matter of discussion at the Council for Economic Policy," said the National Economic Minister.

I do not agree that sanctions against Russia in some degree directly damaged our economy. We have observed the sectors that can be influenced. Yes, they influence on the country's economy. But, in terms of some companies, individuals, sectors, then they have more indirect influence," said Suleimenov.

Source: BNews.kz

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