The region is tightening belts and preparing for pain. But there are reasons to hope the trickledown from Russia won’t be as bad as last time, in 2014.
Used cars are far cheaper in other members of the Eurasian Economic Union. So some 170,000 Kazakhs imported cars from these partners duty-free. Now they’re getting an unexpected bill.
In our monthly Russian business briefing: Uzbekistan dithers, Azerbaijan offers a backdoor to Europe, and the rocket that fell on Kazakhstan will not frustrate a new $1 billion test range.