Kazakhstan is working on the relocation of more than 250 companies that left Russia
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The authorities of Kazakhstan are working on the relocation of more than 250 foreign companies that have left the Russian market, informed Prime Minister of the Republic Alikhan Smailov in an interview with Tengrinews.kz.
“We are now carrying out such relocation work. In particular, more than 250 companies that have left the Russian market are mainly Western companies in non-commodity sectors. We compiled a target list, gave information that Kazakhstan is interested in them coming to work in our market,” he said.
Smailov noted that 45 companies have already decided to move to the Kazakhstani market, among them – Skoda, GE Healthcare, Philips. Two companies have already launched their production in the republic, including the American Honeywell, which produced in the Russian Federation, including gas metering devices. Now Kazakhstan is creating working groups for each project to help companies transfer business, the prime minister of the republic added.
Create favorable conditions in the country for the relocation of foreign companies that have left Russia, instructed Kazakh President Kassym-Jomart Tokayev in mid-July.
At the end of May, Tokayev said that comfortable conditions should be created in the EAEU for the relocation of foreign companies, taking into account the sanctions. He called for speeding up the completion of joint projects of the Union countries and launching new investment projects. Tokayev noted that the EAEU needs to direct common efforts towards the dynamic development of trade and economic cooperation in order to obtain “collective immunity” to global challenges.
After the start of the special operation, many foreign companies announced the suspension of their activities in Russia or the complete withdrawal from the country’s market. By data Yale University, more than 1,000 companies have suspended operations in the country.
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