Russia, Kazakhstan To Discuss Economic Relations

Russia | February 6, 2015, Friday // 14:43|  views

The 97-meter tower in the center of Kazakhstan's capital Astana. Photo:BGNES

Kazakhstan has been looking into the possibility of imposing embargo on certain Russian goods. Some imported products have experienced price a decrease as a result of the ruble devaluation over the past several months.

The announcement was made in Kommersant daily earlier on Friday. According to sources close to the agricultural ministry of Kazakhstan, the measure was going to be imposed on cars, meat, eggs, flour, fruit juices, various candies, and certain products of the automobile industry.

A further point was made that trade with Kazakhstan is not of key importance to a number of Russian companies but will undoubtedly have a negative effect upon the economic relations of the two countries.

A similar situation occurred in November 2014, when several Russian brands of vodka and beer were banned on account of the fact that they did not comply with the local food safety requirements in Kazakhstan. Several days later the ban was lifted, Dnevnik daily reminded.

Meanwhile, Russia's Agriculture Minister Nikolay Fyodorov stated on Friday that the rumors of a possible embargo in Kazakhstan are a misunderstanding, TASS information agency reported.

''We are actively strengthening the Customs Union common rules and inadmissibility of any restrictions,'' Fyodorov added.

Currently, the bilateral negotiations between Russia and Kazakhstan have been held for a week. According to a source in the Russian agricultural ministry, there is no eminent cause for restrictions.


Tags: Russia, Kazakhstan, embargo, trade, economic, restrictions

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