After suspending the Free Trade Agreement with Ukraine from January 1, 2016, Russia imposed a food embargo on Ukraine and blocked the transit of Ukrainian goods heading to Central Asian countries and China.
After years of pursuing the concept that Caspian Sea is a sea of peace and friendship littoral states were confronted with a situation where the Caspian Navy Forces were formally involved in the hostilities outside the region.
Over the past few years China has been ranked at the top of the world’s top energy consumers. China’s total energy consumption increased from 1,470 million tons of coal equivalent (Mtce) in 2000 to 4,260 Mtce in 2014.
The Kashagan oil field in the Caspian Sea is a largely known oil field outside the Middle East and the fifth largest oil field in the world regarding the reserves. Discovered in 2000, it is the largest new oil deposit found in the last 30 years.
Kazakhstan is India’s largest trading partner among the Central Asian states. The cooperation on energy resources and trade of natural resources is an important component of the partnership between India and Kazakhstan.