Kazakhstan: The Power Struggle Behind the Unrest

by Marco Lucchin

18 February 2022

In this paper we discuss:

1. The sequence of events that led to the protest in January;
2. The wider political context that fuels the internal power struggle;
3. The economic dependence on Russia, China and western countries;
4. The next steps and possible outcomes; and
5. The macroeconomic, policy and market implications of all the above

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