Challenges negative for Kazakhstan due to events in Ukraine should be prevented - Nazarbayev
ASTANA. Sept 2 (Interfax) - The situation escalation in Ukraine will lead to slowing down economy growth of Kazakhstan's partners, Kazakh President Nursultan Nazarbayev said at the opening of the fourth parliament session of 5th calling on Tuesday.
"New parliament session begins amid difficult conditions. The unpredictability in global economy persists and geopolitical risks escalate, including those related to complication of international relations due to events in Ukraine," Nazarbayev said.
"Mutual sanctions applied regarding each other by the states, which produce a total of 60% global GDP - all this leads to serious adjustments and changes in the existing economic relations and world order," the president said.
This will lead to the decrease of economy growth of Kazakh partners, which eventually will affect Kazakhstan, he said.
"So it is important to do everything to prevent possible negative challenges for the economy, wellbeing of the nation and Kazakhstan's security," Nazarbayev said.