Russian banks and companies are increasingly choosing Kazakhstan for currency operations needed to conduct payments with China after US sanctions made them overly complicated at home, according to people familiar with the matter.

Russian banks and companies are increasingly choosing Kazakhstan for currency operations required to make payments to China after US sanctions made this more difficult within Russia itself. Source: Bloomberg,

Germany is interested in expanding trade with Kazakhstan while also ensuring such trade is not used to circumvent EU sanctions on Russia, Chancellor Olaf Scholz said on a visit to the Central Asian nation.

German Chancellor Olaf Scholz on Monday visited Kazakhstan for talks on developing economic ties, on the second leg of his three-day trip to Central Asia. In the Kazakh capital Astana, Scholz met President Kassym-Jomart Tokayev,

German Chancellor Olaf Scholz on Tuesday described the deepening of relations with the republics of Central Asia as a "strategic goal for Germany" as he continued a visit to Kazakhstan for a regional summit.