Kazakhstan, Nazarbayev resigns

Central Asian nation now needed "a new generation of leaders."
Kazakhstan, Nazarbayev resigns
19 March 18:15 2019 Print This Article

Kazakhstan’s President Nursultan Nazarbayev unexpectedly resigned on Tuesday.
Nazarbayev, 78, the last Soviet-era leader still in charge of his country, said he would retain key security council and party leader positions while handing over the presidency to a loyal ally for the rest of his term, which ends in April 2020.
“I have taken a decision, which was not easy for me, to resign as president,” Nazarbayev said in a televised address before signing a decree terminating his powers from March 20.
“As the founder of the independent Kazakh state I see my task now in facilitating the rise of a new generation of leaders who will continue the reforms that are under way in the country.”
His decision hit the price of Kazakh bonds and even appeared to weigh on the Russian ruble. Moscow is Kazakhstan’s main trade partner and Nazarbayev has enjoyed close ties with Russian President Vladimir Putin.
Kremlin spokesman Dmitry Peskov told TASS news agency that Putin and Nazarbayev had spoken by telephone on Tuesday afternoon, but added that the press service did not have information about the content of the conversation.

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Domenico Nucera
Domenico Nucera

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