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Tuesday 28 August 2018

Sanctions on Russia May Affect Kyrgyzstan


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BISHKEK — The Minister of Economy of Kyrgyzstan Oleg Pankratov detailed how sanctions in Russia would affect Kyrgyzstan today at a meeting of the government.

According to him, first, migrants’ remittances may decline:

We need to keep our fingers on the pulse. The Ministry of Economy has developed a program for protection of Kyrgyzstan.

In addition, the increased sanctions pressure on Russia may lead to a reduction in exports of goods from Kyrgyzstan. However, China should become a promising export destination for the republic.

The top export destinations of Kyrgyzstan are Kazakhstan ($224 mln), Russia ($167 mln), Uzbekistan ($125 mln), Turkey ($101 mln) and China ($81.7 mln).

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