Business news from Ukraine

Business news from Ukraine

Wildberries to Build Warehouses in Kazakhstan with Total Area of Over 260,000 Square Meters — Kazakhstan’s Minister of Trade

The Russian marketplace Wildberries plans to commission two large logistics complexes in Kazakhstan with a total area of over 260,000 square meters in the first quarter of 2027, according to Kazakhstan’s Minister of Trade and Integration Arman Shakkaliyev.

“In the first quarter of next year, the company is carrying out construction and installation work on a facility of about 160,000 square meters in Almaty. And in Astana, there will be a facility of about 100,000 square meters,” the minister said at a briefing at the Kazakh government on August 4.
According to him, these projects are part of the previously announced development program for Wildberries’ Kazakhstani division. Currently, the company leases approximately 46,000 square meters of warehouse space in the country.

Shakkaliyev also noted that Wildberries has not submitted any new requests to the Kazakhstani authorities regarding the search for or opening of additional warehouse facilities.
However, official data on the distribution of space among cities contradicts the minister’s statements. A statement published by the Kazakh government indicates that the Wildberries logistics hub currently under construction in Astana will have an area of 160,000 square meters, not 100,000 square meters.

Investments in the Astana complex are estimated at 47.7 billion tenge. The project is expected to create approximately 6,000 jobs, and construction is also scheduled for completion in the first quarter of 2027.

Representatives of the merged company RWB had previously reported that a 160,000-square-meter facility is under construction in Astana, and a complex covering more than 100,000 square meters is being built near Almaty. Thus, the total area of the two centers will indeed exceed 260,000 square meters, although the final distribution of space between the cities still needs to be clarified.

The cost of the Wildberries logistics center in Almaty was previously estimated by the Kazakhstani authorities at 43.2 billion tenge. The exact completion date for this facility was not specified in the relevant announcement.
The new centers are expected to expand the marketplace’s capacity for receiving, storing, sorting, and delivering goods within Kazakhstan. Expanding the local warehouse network may also reduce delivery times and increase the number of Kazakhstani entrepreneurs operating through the platform.

In 2025, the volume of retail e-commerce in Kazakhstan, including marketplaces, reached 3.769 trillion tenge. Sales through marketplaces accounted for 3.238 trillion tenge, or 86% of the total e-commerce market.
Wildberries is one of Kazakhstan’s largest e-commerce platforms. Previously, the Ministry of Trade reported on plans by Wildberries and Ozon to build three fulfillment centers in Astana and Almaty with a total area of 291,000 square meters and a combined investment of 101.3 billion tenge.

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Kazakhstan and China Launch Pilot Project on Settlements in Digital National Currencies

Financial regulators in Kazakhstan and China have reached an agreement to launch a pilot project on settlements in the digital tenge and digital yuan, the press service of the National Bank of Kazakhstan reported following a visit by its delegation to China.

“An important step was the agreement reached between the National Bank and the People’s Bank of China to launch a pilot project for settlements in digital tenge and digital yuan,” the statement said.

“We have agreed to integrate the digital tenge and the digital yuan in two complementary ways: through the mBridge multilateral platform (an international multi-currency platform for real-time cross-border payments and transfers using blockchain technology) and through direct bilateral integration via CBETS (Cross-Border e-CNY Transfer Services, the digital yuan platform for cross-border settlements),” explained Binur Zhalenov, Deputy Chairman of the National Bank of Kazakhstan, who participated in the negotiations, on his social media page.

During negotiations with Cross-Border Interbank Payment System (CIPS), the parties discussed further practical steps to implement the memorandum of understanding between the National Bank, the National Payment Corporation, and CIPS, as well as prospects for expanding the use of cross-border payment infrastructure, developing settlements in national currencies, and strengthening cooperation in the field of international payments.

As part of the implementation of the memorandum between the National Payment Corporation of Kazakhstan and UnionPay International (UPI)—the global division of China UnionPay responsible for the international development of UnionPay products and services—the integration of QR payments between the two countries will be completed by the end of the year, according to the National Bank of Kazakhstan.

The central banks also signed a new three-year currency swap agreement, with the option to extend it by mutual agreement of the parties.
During meetings with the China Banking Association and the leadership of China’s largest commercial banks, discussions focused on their participation in financing investment projects in Kazakhstan and issuing debt instruments.

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Kazakhstan’s Constitutional Court Allows Tokayev to Run for President Again

Kazakhstan’s Constitutional Court ruled that individuals who held the highest state offices under the 1995 Constitution may be re-elected or appointed to the corresponding posts after the new 2026 Constitution takes effect.
The decision was issued on July 7 in response to a request from President Kassym-Jomart Tokayev, who asked the court to provide an official interpretation of the provisions regarding the number of terms for which one may be elected or appointed to a number of top government positions, including the presidency.
The court noted that the new Constitution does not contain provisions requiring that terms served under the previous Constitution be taken into account. Therefore, the fact of holding office prior to July 1, 2026, does not in itself constitute an obstacle to re-election or appointment after the new Constitution takes effect.
In practice, this means that Tokayev’s term, which began after the 2022 election, will not be counted toward the new presidential term limit. A new election following the 2026 Constitution’s entry into force will be considered his first for the purposes of applying these limits.
Reuters notes that the decision effectively resets the count of Tokayev’s presidential terms. However, it is not yet clear whether he will seek a new term in early presidential elections or remain in office until 2029.
Kazakhstan’s new Constitution took effect on July 1, 2026. It retains the limit of one seven-year presidential term, but, according to the Constitutional Court’s interpretation, this limit applies only to elections held under the new Constitution.
Thus, Tokayev has been legally permitted to run for president again, despite the previously existing limit of a single seven-year term.

 

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Uzbekistan, Kazakhstan, Kyrgyzstan, Azerbaijan, and Ukraine will introduce unified transit permit form

Uzbekistan, Kazakhstan, Kyrgyzstan, Azerbaijan, and Ukraine have agreed to introduce unified transit permits for freight transport. This was reported by the press service of the Ministry of Transport.

The relevant intergovernmental agreement was signed on May 15 of this year at a meeting of the TRACECA Intergovernmental Commission in Astana. It provides for the introduction of a single transit permit form in all five countries.

The document will allow carriers to cross the territories of several participating states using a single form without additional documents. The decision aims to eliminate administrative barriers and speed up transit.

More details

 

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Kazakhstan is Ukraine’s key partner in Central Asia — MFA

Foreign Minister Andriy Sibiga called Kazakhstan a key regional partner of Ukraine and spoke in favor of deepening cooperation in the fields of logistics, energy, and post-war reconstruction, also announcing his intention to launch the “Ukraine + Central Asia” platform.

“It is important for Kazakhstan to remain one of the key suppliers of energy resources in Eurasia, while simultaneously diversifying and modernizing its energy sector. Kazakhstan is also one of the world’s leading producers of uranium, which is a critically important resource for nuclear energy production. This plays an important role in global energy security,” the minister said in an interview with The Times of Central Asia.

Sibiga noted that Ukraine is interested in the participation of Kazakhstani businesses and investors in the country’s reconstruction, as well as in the development of the Middle Corridor as an alternative transport route between Asia and Europe involving Ukrainian Black Sea ports.

Separately, the foreign minister touched on the topic of historical memory and the shared experience of Ukraine and Kazakhstan related to policies of repression and the suppression of national identity.

According to Sibiga, Russia’s strategic goal is to continue a policy that, in his assessment, dates back to the times of the Russian Empire and the Soviet period.

“Russia’s strategic goal is to complete what the Russian Empire began and the Soviet regime failed to finish: the eradication of national identity and the destruction of the very foundation of our existence as a separate nation,” he emphasized.

The minister also noted that Ukraine and Kazakhstan share a common historical memory of language and cultural bans, repression, deportations, and famines.

“Ukraine and Kazakhstan alike remember the tragic chapters of their history: the banning of language and culture, the destruction of the intelligentsia, deportations, repression, and famines. We cannot allow this to happen again,” the foreign minister concluded.

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Kazakhstan plans to stop importing electricity from Russia starting in 2027

Kazakhstan plans to completely stop purchasing electricity from Russia starting in 2027 thanks to the commissioning of its own power generation facilities, said the country’s Deputy Minister of Energy, Sungat Esimkhanov.

According to him, if the planned power facilities are commissioned in late 2026 or early 2027, Kazakhstan will be able to meet domestic demand without Russian supplies. “If we commission all of our planned power facilities by the end of this year or early next year, I think that in 2027 we will not purchase any electricity from Russia at all,” Esimkhanov said at a press conference.

In recent years, Kazakhstan has purchased electricity from Russia annually due to a shortage of its own capacity. According to the Ministry of Energy, the deficit is decreasing: in 2024 it stood at 2.1 billion kWh, in 2025—about 1.5 billion kWh, and in 2026 it is expected to be at the level of 1–1.2 billion kWh. The government expects to eliminate this deficit by 2027.

Earlier, Kazakhstan’s Minister of Energy Erlan Akkenzhenov stated that the country intends to fully meet the economy’s electricity needs by the end of the first quarter of 2027. To this end, Kazakhstan is implementing 81 energy projects with a total capacity of 15.3 GW and an investment volume of over 13 trillion tenge, or more than $25 billion.

Moving away from Russian supplies will be a significant milestone in Kazakhstan’s energy policy. For the country, this means reducing dependence on external electricity sources and transitioning to a more self-sufficient energy balance model. However, the plan’s success will depend on the timing of new facilities coming online, the condition of the grids, and the power system’s ability to handle peak loads.

The decision also has regional significance. Kazakhstan remains part of the Central Asian power grid and is connected to the Russian power grid, so reducing imports from Russia does not mean a complete technological disconnect. However, from an economic and political standpoint, the move to replace Russian supplies demonstrates Astana’s desire to strengthen its own energy security and reduce vulnerability to external disruptions.

For Russia, this means a gradual loss of a portion of its electricity export demand from Kazakhstan. For Central Asia, it is a signal to accelerate the modernization of power generation, the construction of new thermal power plants, the development of renewable energy, and the improvement of grid reliability, as power shortages remain one of the region’s main infrastructure challenges.

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