MINSK,Belarus(Maria Batz) -Kazakhstan’s Deputy Minister of Foreign Affairs, Roman Vassilenko, expressed his strong opposition to the application of economic sanctions, emphasizing their detrimental effects on global trade and the overall well-being of nations. This statement was made during his address at the prestigious international conference titled “Eurasian Security: Reality and Prospects in a Transforming World,” which took place in Minsk on October 26.
In his speech, Vassilenko drew attention to the growing geopolitical tensions that have given rise to heightened volatility in the global economy. He emphasized Kazakhstan’s stance against the imposition of economic sanctions, as they can lead to adverse consequences for both international trade and the prosperity of nations.
The Deputy Minister’s remarks come amid ongoing discussions regarding the effectiveness and consequences of economic sanctions, particularly in the context of the situation with Russia. Notably, Russia has been subjected to Western sanctions since 2022, which have had a significant impact on its economy. While Russia has managed to navigate these sanctions more effectively than anticipated, it continues to face substantial economic challenges, including slowing GDP growth and increasing inflation.
the well-being of states.
