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Ukraine war

Kazakhstan woos over 400 Western firms exiting Russia

Exodus by businesses lifts Central Asian economy

Participants celebrate a spring equinox festival in Almaty, Kazakhstan. The country is seeking to attract businesses leaving Russia.    © Reuters

Kazakhstan is reaching out to hundreds of U.S. and European companies exiting Russia with an offer to host their operations, amid the ongoing economic fallout of Moscow's invasion of Ukraine.

"We've sent invitations to 401 companies whose relocation to Kazakhstan we are interested in," Almas Aidarov, Kazakhstan's deputy foreign minister, told the country's Senate in late May.

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