... demand for foreign currency against the backdrop of a recovery in imports. Other CIS currencies also showed decreased dynamics: for instance, the Kazakh tenge is holding around 542 KZT per $1, close to multi-month lows. The head of the National Bank of Kazakhstan stated that the current level of the tenge is fundamentally undervalued; however, there is no obvious speculative activity observed in the market—the weakening is explained by external trade factors and the dynamics of the ruble. Overall,...

... project Qummy raised 440 million rubles at a valuation of ~2.4 billion rubles, preparing for an IPO—this case illustrates the seriousness of even local initiatives. Additionally, a government fund Qazaqstan Venture Group has been established in Kazakhstan, with a volume of $1 billion aimed at supporting AI startups. In July 2025, Russia also eased rules for foreign investors: they were once again allowed to acquire stakes in domestic companies and easily withdraw invested funds. These steps ...