Mechanisms of state regulation of Kazakhstan economy: international sanctions imposed in the countries of the Eurasian Economic Union

2025

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DOI 10.46914/1562-2959-2025-1-2-103-116
Data confidence 85 high
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Abstract

The application of international sanctions is one of the most difficult and important issues of modern international relations. There is widespread recognition of the need to improve the planning, application and implementation of international sanctions imposed by the Security Council. Among the most important are the material damage caused by the sanctions regime to third States as a result of collateral damage to civilians of the country who are not officially declared the object of sanctions (the "humanitarian aspect"), and the severance of economic ties with the State targeted by the sanctions. The importance of these issues is reflected in their intention "to minimize the negative effects of sanctions imposed by the United Nations on innocent groups, to ensure the continuous review of such sanctions regimes and to avoid adverse consequences for third countries" in the United Nations Millennium Declaration.The relevance of the study is also determined by the continuing trend of a constant expansion of the list of reasons for the application of sanctions by individual States and international organizations over the past decade. The possibility of further sanctions confrontation between the West and the Russian Federation remains. In addition, no state can consider itself immune from the impact of this process. The Republic of Kazakhstan, which has close political, trade and economic ties with the Russian Federation, has keenly felt the impact of the sanctions confrontation between the European Union and the United States of America, on the one hand, and the Russian Federation, on the other. In our opinion, the issues of the impact of sanctions on the economies of countries that traditionally have close ties with the Russian Federation are important. In the opinion of most foreign policy experts, sanctions against Russia have a negative impact on the economy of all countries of the Commonwealth of Independent States, including the Republic of Kazakhstan.