Azat Peruashev, head of the Ak Zhol political party, revealed that Kazakhstani banks refuse to lend to domestic industrial manufacturers that export products to Russia, citing the risk of secondary sanctions. Speaking to Kursiv.media, the MP elaborated on why banks are reluctant to finance Kazakhstani enterprises.
«I raised this issue at a meeting with the Association of Financiers of Kazakhstan and nearly all banks said they don’t need this. They don’t want to deal with the risks of secondary sanctions, including the possibility of being disconnected from the SWIFT international payment system. This is why almost...