World Economy

No Trade War

No Trade WarNo Trade War

Statements on allegedly unleashing trade war between Russia and Kazakhstan are incorrect, Dmitry Peskov, spokesman of Russia’s President Vladimir Putin said, Tass reported. He was commenting on a publication by Kommersant daily saying that Moscow and Astana had exchanged trade bans. “I think it is a strong exaggeration. I don’t have any detailed information about what is exactly going on, but in any case I think such phrasings as “trade war” are not correct “, he said. Last year’s steep devaluation of the ruble currency complicated matters, however, as Russian products have suddenly gained a competitive edge in Kazakhstan and other post-Soviet countries.