Azimzhan Khitakhunov

Azimzhan Khitakhunov

Senior Research fellow

Azimzhan Khitakhunov is a research fellow at the Eurasian Research Institute. He has received his bachelor, master and Ph.D. degrees from Al-Farabi Kazakh National University (Ph.D. degree was completed in cooperation with the Johns Hopkins University, School of Advanced International Studies, Bologna, Italy). Currently, he is a senior lecturer at Al-Farabi Kazakh National University, Higher School of Economics and Business, Economics Department, where he teaches macroeconomics related disciplines. His research experience includes participation as a research fellow in the government financed f

Staff's Publications


October 25, 2022

Economic Cooperation of Kazakhstan and Russia: Risks and Perspectives

Russia is one of the key economic partners of Kazakhstan in terms of trade and investments. The countries jointly implement many important projects. However, since the Ukrainian invasion and international sanctions and pressure, economic cooperation with Russia may bring substantial costs for Kazakhstan and other Central Asian countries. Therefore, this […]
July 30, 2022

Does Uzbekistan Turn to the South?

Uzbekistan’s foreign economic policy plays an important role in the implementation of its economic reforms. The country actively supports Central Asian integration, became an observer state in the Eurasian Economic Union, and deepens its cooperation with the European Union and China. At the same time, Uzbekistan’s cooperation with the countries […]
June 20, 2022

Economic Cooperation between Russia and China

Russia’s economy is under severe pressure after it decided to invade Ukraine. The United States, members of the European Union, and other countries imposed sanctions against Russia. Many representatives of the global corporations, which have been working in Russia for decades, left the country. Russia’s major corporations and banks are […]
May 16, 2022

Economic Cooperation between Uzbekistan and China

Uzbekistan remains one of the key countries in Central Asia. Since the implementation of the new economic policy, the country’s economic cooperation with external powers, including Russia, China, and the countries of the European Union has deepened considerably. In this sense, China’s presence in Uzbekistan increased significantly. Therefore, this commentary […]
May 13, 2022

China’s Outward Investments

China’s economic and political rise was driven mainly by its economic reforms, which stimulated a significant inflow of foreign direct investments. These investments allowed China to develop its key sectors, increasing the country’s competitiveness and contributing to the growth of trade. The rise of China’s economy and the accumulation of […]
April 28, 2022

Implications of the Russia-Ukraine War: The Case of the Global Food Market

The Food and Agriculture Organization of the United Nations noted in February 2022 that its global food index hit an all-time high and averaged 140.7 points, up 5.3 points (3.9%) from January and as much as 24.1 points (20.7%) above its level a year ago. Vegetable oils were up 8.5% year over […]
February 28, 2022

Economic Cooperation between Central Asia and China

Central Asia is one of the most important regions for China in terms of economics, politics, and security. China’s role in the region is permanently increasing. It remains a key trade partner for all Central Asian countries. Moreover, China provides the region with substantial investments, primarily in the energy sector. […]
February 25, 2022

Recent Changes in Foreign Trade of Russia

The foreign trade of Russia demonstrates significant changes. It is well known that Russia remains an important supplier of crude oil and natural gas on the global market. However, recently the country started to demonstrate changes in its trade patterns. The country is actively developing its manufacturing and agricultural sectors […]
February 2, 2022

Recent Developments in the Global Supply Chains

Development of the global supply chains gained importance following the pandemic-related disruptions, which caused negative consequences such as inflation. Economists and policy experts are debating about the future of the global supply chains as policy responses from advanced and developing economies were different. Therefore, this commentary aims to review recent […]
December 27, 2021

Economic Cooperation between Central Asia and the European Union

Countries of Central Asia consider cooperation with the European Union (EU-27) as one of the most important strategic directions. They intend to intensify trade with the EU countries and attract investments. The EU remains important due to different factors, including the market size, income level, standards, competition, and trade rules. […]