US Lifts Sanctions on Caspian Pipeline Consortium for Kazakh Oil
The United States has lifted sanctions on the Caspian Pipeline Consortium (CPC), the primary conduit used by Kazakhstan to export its oil to international markets. According to reports in the Kazakh media citing the US Office of Foreign Assets Control (OFAC), Washington has unblocked transactions related to the CPC as well as Kazakhstan’s largest oil […]
7,500 Trucks Stuck as Kazakhstan Cracks Down on Russian Border Trade to Stop China Tech Transfers
Kazakhstan’s customs service has dramatically tightened inspections of cargo traffic bound for Russia, creating massive queues at border crossings. According to Kommersant on October 2, since mid-September officers have been inspecting 99% of trucks carrying potentially sanction-sensitive goods from China into Russia. This has triggered multi-kilometer jams along the Kazakh-Russian frontier. “Many carriers, fearing inspection, […]