U.S. unveils 22 entities linked to Iran's “Shadow Banking” Network
The United States has imposed sanctions on 22 entities linked to a transnational network engaged in illicit oil trade on behalf of the Iranian regime....
Kazakhstan and the European Union are bolstering their economic partnership, with a recent high-level meeting paving the way for expanded collaboration in trade, investment, and sustainable development.
A Kazakhstan-EU Cooperation Committee meeting held in Astana, reaffirmed the EU's position as Kazakhstan's foremost economic ally and set the stage for deeper integration on green initiatives.
The EU remains the largest single market for Kazakhstan's exports and a primary source of foreign investment. In 2024, the trade turnover between the two partners reached nearly $50 billion. More recent reports from April 2025 have indicated this figure could be as high as $49.7 billion, with Kazakh exports to the EU accounting for approximately $38.6 billion of that total. This robust trade relationship is further underscored by the immense flow of capital, with the EU having invested over $200 billion into the Kazakh economy since 2005. The footprint of European business in the Central Asian nation is substantial, with over 3,000 companies with European capital, including industry giants like Shell, Total, and Airbus, actively operating in the country.
A key focus of the ongoing dialogue is the comprehensive implementation of the Enhanced Partnership and Cooperation Agreement (EPCA). A recent visit by a delegation from the Council of the European Union's Working Party on Eastern Europe and Central Asia (COEST) in early June 2025 emphasized the practical steps being taken to realize the full potential of this agreement. Discussions are centered on enhancing technical regulations, streamlining digital trade, and significantly boosting the export of non-resource goods from Kazakhstan. The nation's e-commerce market is already showing significant promise, having surpassed 3.2 trillion tenge (approximately $6.3 billion).
A cornerstone of the evolving partnership is the joint commitment to a green transition. Both sides have agreed to intensify their collaboration on the implementation of the European Green Deal's principles. This includes strengthening cooperation in standardization, accreditation, and the adoption of Environmental, Social, and Governance (ESG) best practices. In April 2025, a partnership roadmap for 2025-2026 was endorsed, specifically targeting strategic cooperation in the fields of critical raw materials, batteries, and renewable hydrogen. This aligns with the EU's broader "Global Gateway" strategy, which aims to mobilize significant investment in sustainable infrastructure and energy projects across Central Asia. As part of this, a €12 billion investment package has been announced for the region, signaling a strong European commitment to fostering a green and resilient economy in partnership with nations like Kazakhstan.
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The United States has imposed sanctions on 22 entities linked to a transnational network engaged in illicit oil trade on behalf of the Iranian regime.
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Central Asia’s fastest supercomputer, powered by the high-end NVIDIA H200 graphics processor, has been launched in Kazakhstan at the National Supercomputer Center "Alemcloud."
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