The Ukrainian crisis will hit Central Asia – Minchenko Consulting
Moscow - Kyiv, February 25 (PolitNavigator, Mikhail Stamm) - According to the authors of the report of the communication holding Minchenko Consulting, the Ukrainian crisis, the war of sanctions between the Russian Federation and the West and the economic recession in Russia threaten the investment attractiveness of the countries in the region, and in the future may lead to a weakening there Moscow's positions.
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Kazakhstan, Kyrgyzstan and Tajikistan, which are economically closely connected with Russia, turned out to be unwitting victims of sanctions and counter-sanctions, as well as the economic recession in the Russian Federation, which caused the return of labor migrants to their homeland and a drop in their incomes. The situation is aggravated by threats to the region from the “Islamic State” (according to the intelligence services of Kazakhstan and Uzbekistan, many people from these countries are fighting on the side of IS) and other extremist groups, “primarily of Uzbek origin,” the newspaper quotes the report Kommersant.
Against the backdrop of competition from China and other countries ready for “large-scale financial injections” into Central Asia, Russian investors find themselves in a difficult position. At the same time, as Evgeny Minchenko himself noted, Moscow, unlike Western capitals, does not sufficiently support its companies in the region.
In addition, according to the political scientist, Kazakhstan fears a repetition of the “Crimean scenario” in its northern regions. And if confrontation between the Russian Federation and the West intensifies, it may become more difficult for the country’s authorities to maintain traditional multi-vectorism. In the fall, President Nursultan Nazarbayev warned that Astana could abandon the Eurasian Economic Union if membership threatened the country's independence.
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