Kazakh President Kassym-Jomart Tokayev says order has been restored. Even if that’s true, major oil and gas investors may suffer populist fallout. Paradoxically, high prices provide some cover against hasty renegotiation of contracts, writes dasha_reuters
Security forces appeared to be in control of the streets of Kazakhstan’s main city Almaty on Jan. 7 and President Kassym-Jomart Tokayev said constitutional order had mostly been restored after an uprising sparked by higher fuel costs.
Russia sent paratroopers to Kazakhstan on Jan. 6 to help put down a countrywide uprising after deadly violence spread across the tightly controlled central Asian state. Oil prices edged up on Jan. 7, heading for their biggest weekly gains since mid-December, fuelled by supply worries amid escalating unrest in Kazakhstan and outages in Libya.
Kazakhstan’s currency, the tenge, has remained steady at around 435 to the dollar. However, on Jan. 5 the yield on its 2045 dollar bond jumped 32 basis points to 4.1%, its highest since May 2020.Source: REUTERS/Pavel Mikheyev A Kazakh state flag is seen at the broken window of the Kaspi Bank branch following the protests triggered by fuel price increase in Almaty, Kazakhstan January 6, 2022.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Share price of Kazakh superapp Kaspi plummets as unrest continuesThe share price of Kaspi, the LSE-listed fintech super-app used by around half of the Kazakh population, has fallen sharply.
Lire la suite »
This noxious island is so full of snakes, people can't even visitPlus the history of brussels sprouts vindication, ape language controversy, and other fun facts from The Weirdest Thing I Learned This Week.
Lire la suite »
Mortgage demand in 2022 may hit record even as rates riseOverall demand for mortgage applications fell 2.7% in the final two weeks of the year, according to the weekly survey from the Mortgage Banker's Association.
Lire la suite »
CDC's New COVID Guidelines Are Even More Confusing In 'Daily Show' SpoofDesi Lydic explained the government's latest official advice in her own inscrutable way.
Lire la suite »
Candace Owens claims she would not take COVID vaccine even on her deathbedThe pundit stated that she was 'principally now opposed to' the vaccine, and did not understand why anyone would take it.
Lire la suite »
The Threat Posed By Domestic Extremists Is Even Greater A Year After The Capitol Attack“The threat of extremism today is perhaps less obvious… But what’s happening is gravely serious,” one expert said.
Lire la suite »