Tensions in agricultural trade are escalating between Russia and Kazakhstan, primarily due to Kazakhstan's recent import bans on Russian wheat. The Kazakh government aims to curb illegal grain trafficking and stabilize domestic prices, responding to a significant increase in wheat imports from Russia.
This move has raised concerns about the balance of trade between the two nations, as Kazakhstan heavily relies on Russian agricultural products while also striving to enhance its own agricultural output and reduce dependency on imports. The situation reflects broader geopolitical dynamics and the complexities of their economic relationship.
Citations:
[1] https://www.eurasian-research.org/publication/trade-in-agricultural-products-between-kazakhstan-and-russia/
[2] https://www.chathamhouse.org/2024/02/russias-influence-kazakhstan-increasing-despite-war-ukraine
[3] https://documents1.worldbank.org/curated/es/297141468148508238/pdf/561210NWP0KZ0v1LIC10Kazakhstan10807.pdf
[4] https://www.pwc.com/ng/en/assets/pdf/unlocking-ngr-agric-export.pdf
[5] https://www.financialexpress.com/world-news/iran-israel-war-threatens-global-shipping-routes-whats-next-for-indian-trade/3628495/
[6] https://www.ndtvprofit.com/business/timeline-of-middle-east-and-west-asia-conflicts-and-impact-on-indias-trade
[7] https://www.business-standard.com/economy/news/conflict-escalation-in-west-asia-likely-to-push-logistics-cost-up-124100200590_1.html
[8] https://www.worldcementassociation.org/blog/news/global-cement-industry-outlook-trends-and-forecasts