With an economy closely linked to Russia and a currency
connected to the ruble, Kazakhstan has already taken a big hit
since the war began.
The Kazakhstan economy is experiencing hard times. The negative
influence of the anti-Russian sanctions have affected the national
currency, the exchange rate of which is closely connected to the
Russian ruble. Further, sanctions have led Kazakhstan into a
complicated logistical situation because its primary transportation
routes run through the Russian Federation. This problem has
affected almost all economy sectors that depend on
import/export.
So far, it is probably too early to understand the influence of
this situation on the employment; however, there is a definite risk
that Kazakhstani companies will need to cut back on expenses and
this may result in staff reduction. Even now, there is a slight
growth in labour migration from Ukraine and the Russian Federation
to Kazakhstan, and this is forecasted to grow unless the
