Germany Eyes Trade Expansion with Kazakhstan Amid Sanction Concerns

Germany seeks to expand trade with Kazakhstan, emphasizing that such trade should not undermine EU sanctions against Russia. Chancellor Olaf Scholz highlighted interests in trading oil, rare earths, lithium, and other raw materials with Kazakh President Kassym-Jomart Tokayev during his visit to Kazakhstan.

Germany is aiming to broaden its trade relations with Kazakhstan, with a keen focus on ensuring that this trade adheres to EU sanctions on Russia, Chancellor Olaf Scholz announced during his recent visit.

In discussions involving Kazakh President Kassym-Jomart Tokayev, both leaders expressed mutual interest in expanding their trade portfolios to include oil, rare earths, lithium, and other valuable raw materials.

This move seeks to balance economic growth without breaching international sanctions aimed at Russia.

(With inputs from agencies.)