Steepest Drop in Six Years: Russian Companies Exit Kazakhstan
Photo: Elements.envato.com
The number of active Russian companies in Kazakhstan has seen its steepest decline in six years, Orda.kz reports.
According to data from the Bureau of National Statistics, as of April 1, 2025, 18.4 thousand Russian-owned legal entities were operating in Kazakhstan, a decrease of 495 compared to the beginning of the year.
This marks the fourth consecutive quarter of decline and the steepest drop since records began in 2018.
It follows a period of rapid growth that spanned nine quarters, peaking after the onset of the Russia–Ukraine war. Between April 2022 and March 2023, an average of 2,300 new Russian companies were being registered in Kazakhstan every quarter.
The current downturn is most evident in sectors that traditionally see high Russian involvement. The number of active Russian companies in trade fell by 238 to 7,500, and the information and communications sector saw a reduction of 70 companies, bringing the total to 2,500.
Earlier, Orda.kz reported that foreign direct investment in Kazakhstan reached a ten-year high of $28 billion in 2022.
Russia ranked fifth among investor countries, contributing $1.52 billion, mainly to mining, industry, and trade.
Original Author: Ruslan Loginov
Latest news
- Kazakhstan’s Credit Rating Upgraded for First Time in a Decade
- While Thousands Lost Power, KEGOC Executives Received Nearly Half a Billion Tenge
- Changi Airport Group May Help Build Astana’s New Airport
- US Again Extends Deadline for Lukoil to Sell Its Assets in Kazakhstan
- Kazakhstan Extradites Business Manager From Russia in 290 Million Tenge Tax Case
- Released Amur Tiger Successfully Hunts in Kazakhstan’s Wild
- Kazakhstan Moves to Develop Critical Minerals as Global Competition Intensifies
- Another Performance by Kazakh Stand-Up Comedian Called Off
- Uzbekistan Begins Preparations for Second Nuclear Power Plant
- Backpack Links Glacier Remains to Man Missing for 19 Years
- 650-Hectare Wildfire Contained in Karaganda Region
- Unusual Wildlife Encounter Captured in Altyn-Emel
- Retired Border Service Dog Sold for $2 at Kazakhstan Auction
- Will Kazakhstan Have Enough Coal This Winter?
- Belarusian Hikers Find Body on Glacier Near Almaty
- Kazakhstan Investigates Spending on 242 Million Tenge Educational Game
- Kazakhstan Makes Caspian Oil Companies Pay for Counterterrorism Deployments
- Kazakhstan Faces Shortage of 245,000 School Places
- Waste Dumping Reported Near Yurt Camps at Lake Zaisan
- Kazakh Oil Rerouted to Novorossiysk as Russia Frees Baltic Export Capacity
