Fly-by-nighters: Minister Comments on Sanctioned Companies

Deputy Prime Minister and Minister of National Economy Nurlan Baibazarov told journalists about companies that have fallen under British sanctions for alleged ties to Russia, Orda.kz reports.
The Minister commented on the sidelines of the Ministerial Conference of the Central Asian Regional Economic Cooperation.
As far as I remember, two companies from this list were previously subject to American sanctions. These are fly-by-night companies. When we start investigating, we see that they do not have full-fledged business activities. They open, sign some kind of contract and disappear. After the deal is completed, the financial services responsible for sanctions in the West simply document these companies after the fact and add them to the list, explained Nurlan Baibazarov.
According to the Minister, these companies “pursue profit,” which does not mean that Kazakhstan is systematically circumventing sanctions.
This is difficult to combat, but in general we will comply with the restrictions that we have agreed with the relevant US and European sanctions control services, added Baibazarov.
It was previously reported that companies registered in Kazakhstan were on the UK sanctions list due to possible links to Russia.
Original Author: Zhadra Zhulmukhametova
Latest news
- Modernization of Syrym Checkpoint Promises Smoother Border Crossings, Orda.kz Talked with Drivers about Current Situation
- High Inflation Prompts Government to Temporarily "Freeze" Utility Rate Hikes
- Foreign Minister Nurtleu Represents Kazakhstan at BRICS Summit
- Russia Approves Duty-Free Oil Supplies to Kazakhstan Through 2028
- Trump Sends Tariff Warning Letters to Global Leaders, Including Over Kazakh Imports
- Russia’s Transport Minister Roman Starovoit Dies by Suicide After Resignation
- Almaty Celebrates National Dombra Day
- Trump Threatens 10% Tariff on Countries Supporting BRICS Policies
- Why Did Kazakhstan’s President Not Attend the Azerbaijan Summit?
- Beijing Celebrates Dombra Day with Kazakh Music Performance
- Kozhamzharov’s Circle: What Are Investigators Hoping to Find?
- “I Want to Be Nazarbayev”: How Academician Yespolov’s Grandson Joined the Elbasy Clan
- Armenia Denies Russian Military Reinforcement at Gyumri
- Mayors Detained in Türkiye as Part of Fraud Investigation
- Olesya Keksel Reportedly Involved in Criminal Case Over BTA Bank Torture Allegations
- Mother of Conscript Claims Son Was Committed to Psychiatric Institution Without Consent
- President Toqayev Sends Nazarbayev Birthday Wishes
- Toqayev Appoints New Ambassadors in Series of Diplomatic Changes
- Unidentified Object Resembling Drone Found in Atyrau Region
- Trump and Zelenskyy Discuss Air Defense Needs