Germany Seeks Expanded Trade Ties with Kazakhstan Amid EU Sanctions

Germany aims to boost trade with Kazakhstan, focusing on oil, rare earths, lithium, and other raw materials. Chancellor Olaf Scholz emphasizes ensuring this trade doesn't circumvent EU sanctions on Russia. The visit underscores Western diplomatic efforts in Central Asia amid geopolitical tensions with Russia.


Devdiscourse News Desk | Updated: 16-09-2024 19:15 IST | Created: 16-09-2024 19:15 IST
Germany Seeks Expanded Trade Ties with Kazakhstan Amid EU Sanctions
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Germany is seeking to deepen trade relations with Kazakhstan, with Chancellor Olaf Scholz stressing that such trade must not be used to bypass EU sanctions against Russia. Scholz made these remarks during a trip to the Central Asian nation.

Both Scholz and Kazakh President Kassym-Jomart Tokayev expressed mutual interest in increasing trade in vital commodities such as oil, rare earths, lithium, and other raw materials. The discussions took place ahead of Scholz's broader meeting with leaders from all five Central Asian countries, highlighting a renewed Western diplomatic push in a region traditionally influenced by Russia.

Kazakhstan has already begun replacing Russia as Germany's crude oil supplier for the Schwedt refinery. Scholz's visit follows Russian President Vladimir Putin's threats to restrict metal exports, including titanium, to nations deemed unfriendly.

(With inputs from agencies.)

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