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.
A steadier oil market has helped Kazakhstan’s National Oil Fund regain its footing. But Kazakhstan’s other fund, Samruk-Kazyna, has struggled in its privatization drive.
What do these three things have in common: a Kyrgyz gold mine, a Malaysian Ponzi scheme, and canned camel milk? If you said the Belt and Road Initiative, Beijing wants a word with you.