Why traders think the US economy is about to go into reverse

Reuters

Kazakhstan does not want to be behind new iron curtain – deputy minister

Companies exiting Russia due to the war in Ukraine are welcome to move production to Kazakhstan, the country’s deputy foreign minister told a German newspaper, saying Kazakhstan would not want to be on the wrong side of a new “iron curtain.” Countries should not come merely to avoid sanctions against Russia, “but all companies with a good reputation that want to move their production here are welcome,” Die Welt on Monday quoted Roman Vasilenko as saying. “If there is a new iron curtain, we do not want to be behind it,” he said, referring to the Western term for a dividing line between eastern and western Europe during the Cold War.