Baikonur: Russia Continues to Pay Full Rent
Photo: Orda.kz / Kamila Ermakhanova
Kazakhstan is gradually withdrawing parts of the Baikonur Cosmodrome from lease, yet Russia continues to pay the full rental amount, Orda.kz reports.
Minister of Digital Development Zhaslan Madiyev stated that Kazakhstan has no intention of revising the annual lease payment.
According to him, the current arrangement remains economically favorable.
"This issue is not being discussed today. We believe that $115 million is a completely adequate amount," the Minister said.
He added that even with dollar inflation, the payments are still profitable for Kazakhstan:
Yes, there is inflation in dollars, but at the same time, inflation in tenge is higher, and the dollar exchange rate is supported. All expenses incurred by the Kazakh side are made in the national currency. Therefore, this amount, taking into account all factors, remains profitable for Kazakhstan,
Madiyev explained.
The Minister also noted that while Kazakhstan is gradually withdrawing some areas of the cosmodrome from the lease, the rental amount remains the same, making the agreement even more beneficial for the country.
Original Author: Artyom Volkov
Latest news
- Several Border Checkpoints With China to Close for One Day
- Laser Guidance Systems Begin Testing on Kazakhstan’s Highways
- Kazakhstan Plans Mandatory Labeling for Dietary Supplements and Jewelry
- Chinese Influencer Tao Mingxiu Receives Presidential Award in Kazakhstan
- Kazakhstan Ranks Sixth In the World By Agricultural Land Area
- Uzbekistan Breaks Regional Record In Public Debt Market
- “They Are Not Cattle, You Don’t Vaccinate Them”: Why Zoologists Cannot Save Caspian Seals
- Did The Digital Economy Stumble Over PPP? How The Minister Reacted to the IT Industry’s Problems
- Private Investors to Help Build Juvenile Correctional Facilities in Kazakhstan
- “Like Rotten Eggs”: Residents of Atyrau Again Complain About the Stench in the City
- Digital Passport and Admission Benefits: Kazakhstan Wants to Change Volunteering
- Infected Sunflower Seeds From the U.S. Barred From Entering Kazakhstan
- Almaty Drivers Offered Free Emissions Checks Without Penalties
- Croatia Will Finance Oil Exploration In Aktobe Region
- Half of Kazakhstanis Earn Less Than $1,000 a Month
- Is The Era Of Easy Extraction Over? Resource Development Is Being Rebuilt In Kazakhstan
- How a Kazakhstani Tried to Change His Ethnicity Through the Courts — and What Came of It
- Economist Names Kazakhstan Regions Lagging in Investment Transparency
- 14-Year-Old In Tesla Tries To Flee Police In Astana
- When a Michelin-Recognized Restaurant Will Open in Almaty, Akimat Says
