Significance Tokayev has also criticised regional officials for relying excessively on budgetary funding and not doing enough to attract private capital. However, structural economic and political factors hinder foreign investment, especially beyond extractives. Impacts The sheer weight of oil and gas production within the Kazakh economy will limit the potential for investment diversification. Kazakhstan’s ongoing international litigation against Moldova’s Stati family will continue to hurt its investment attractiveness. Russia’s growing isolation because of the war in Ukraine will spur some companies to relocate to Kazakhstan.
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