Kazakhstan Braces For Economic Fallout From War In Ukraine

Kazakhstan is facing economic crisis as the war in Ukraine threatens crude oil exports, which alone account for around 14 percent of GDP and 57 percent of exports. The bulk of these oil exports pass through a pipeline from Kazakhstan’s western oil fields through southern Russia to Russia's Black Sea oil terminal at Novorossiysk. The pipeline, owned by the Caspian Pipeline Consortium (CPC), can handle around 60 million metric tons a year. (Transneft) At just 200 kilometers from the Ukrainian port of Mariupol, where some of the fiercest fighting…