World
Kazakhstan government’s resignation fails to quell protests
Protesters stormed public buildings in Kazakhstan‘s biggest city on Wednesday as security forces struggled to impose control after the government resigned in response to popular anger over a fuel price increase.
An Instagram live stream by a Kazakh blogger showed a fire blazing in the mayor’s office in the city of Almaty, with gunshots audible nearby. Videos posted online also showed the nearby prosecutor’s office burning.
Protesters appeared to have broken through security forces’ cordons even though the latter deployed stun grenades whose explosions could be heard throughout the city center.
Kazakhstan is a tightly controlled former Soviet republic that cultivates an image of political stability, helping it attract hundreds of billions of dollars of foreign investment in its oil and metals industries.
President Kassym-Jomart Tokayev accepted the government’s resignation on Wednesday, a day after police used tear gas and stun grenades to drive hundreds of protesters out of the main square in Almaty.
On Wednesday a Reuters correspondent saw thousands of protesters pressing ahead towards Almaty city center, some of them on a large truck, after security forces failed to disperse them with tear gas and flashbang grenades.
Atameken, Kazakhstan‘s business lobby group, said its members were reporting cases of attacks on banks, stores, and restaurants.
The city health department said 190 people had sought medical help, including 137 police. City authorities urged residents to stay home.
The interior ministry said that government buildings were also attacked in the southern cities of Shymkent and Taraz overnight, with 95 police wounded in clashes. Police have detained more than 200 people.
A video posted online showed police using a water cannon and stun grenades against protesters in front of the mayor’s office in Aktobe, the capital of another western province
The protests began after the government lifted price controls on liquefied petroleum gas at the start of the year. Many Kazakhs have converted their cars to run on LPG because of its low cost.
The government said the regulated price was causing losses for producers and needed to be liberalized. The president said it had botched the move.
Speaking to acting cabinet members, Tokayev ordered them and provincial governors to reinstate price controls on LPG, and broaden them to gasoline, diesel, and other “socially important” consumer goods.
He also ordered the government to develop a personal bankruptcy law and consider freezing utility prices and subsidizing rent payments for poor families.
He said the situation was improving in protest-hit cities and towns, including Almaty and the surrounding province, where the authorities declared a state of emergency.
In addition to replacing the prime minister, Tokayev also appointed a new first deputy head of the National Security Committee who replaced Samat Abish, a nephew of powerful ex-president Nursultan Nazarbayev.
Nazarbayev, 81, a Soviet-era Communist Party boss, ran Kazakhstan for almost 30 years before resigning abruptly in 2019 and backing Tokayev as successor. Nazarbayev retains sweeping powers as the chairman of the security council; he has not convened the council or commented on this week’s violence.
The protests began in the oil-producing western province of Mangistau on Sunday, after LPG prices more than doubled following the lifting of caps.
A source familiar with the situation said some workers at Mangistaumunaigas, a Kazakh-Chinese oil-producing joint venture based in the Mangistau province, were on strike, although this was not affecting output so far.
Tokayev declared the emergency in Almaty and Mangistau and has said that domestic and foreign provocateurs were behind the violence.
Almaty mayor Bakytzhan Sagintayev said the situation in the city was under control and security forces were detaining “provocateurs and extremists”.
Kazakhstan‘s dollar-denominated sovereign bonds suffered sharp falls with the 2045 issue falling around 3 cents in the dollar and many dropping to levels last seen in 2020, Tradeweb data showed.
Like many emerging and developing economies, Kazakhstan has grappled with rising price pressures in recent years. Inflation was closing in on 9% year-on-year late last year – its highest level in more than five years – forcing the central bank to raise interest rates to 9.75%.
Some analysts said the protests – the most serious in the country in at least a decade – pointed to more deep-rooted issues.
“I think there is an underlying undercurrent of frustrations in Kazakhstan over the lack of democracy,” said Tim Ash, emerging market strategist at BlueBay Asset Management.
“Young, internet-savvy Kazakhs, especially in Almaty, likely want similar freedoms as Ukrainians, Georgians, Moldovans, Kyrgyz, and Armenians, who have also vented their frustrations over the years with authoritarian regimes.”
World
US hits Daesh in Syria with large retaliatory strikes, officials say
The U.S. military launched large-scale strikes against dozens of Daesh targets in Syria on Friday in retaliation for an attack on American personnel, U.S. officials said.
A U.S.-led coalition has been carrying out airstrikes and ground operations in Syria targeting Islamic State suspects in recent months, often with the involvement of Syria’s security forces, Reuters reported.
President Donald Trump had vowed to retaliate after a suspected ISIS attack killed U.S. personnel last weekend in Syria.
Defense Secretary Pete Hegseth said the strikes targeted “ISIS fighters, infrastructure, and weapons sites” and that the operation was “OPERATION HAWKEYE STRIKE.”
“This is not the beginning of a war — it is a declaration of vengeance,” Hegseth said. “Today, we hunted and we killed our enemies. Lots of them. And we will continue,” he added.
Trump said on social media that the Syrian government fully supported the strikes and that the U.S. was inflicting “very serious retaliation.”
U.S. Central Command said the strikes hit more than 70 targets across central Syria, adding that Jordanian fighter jets supported the operation.
One U.S. official said the strikes were carried out by U.S. F-15 and A-10 jets, along with Apache helicopters and HIMARS rocket systems.
Syria reiterated its steadfast commitment to fighting Daesh and ensuring that it has “no safe havens on Syrian territory,” according to a statement by the foreign ministry.
Two U.S. Army soldiers and a civilian interpreter were killed on Saturday in the central Syrian town of Palmyra by an attacker who targeted a convoy of American and Syrian forces before being shot dead, according to the U.S. military. Three other U.S. soldiers were also wounded in the attack.
About 1,000 U.S. troops remain in Syria.
The Syrian Interior Ministry has described the attacker as a member of the Syrian security forces suspected of sympathizing with Daesh.
Syria’s government is led by former rebels who toppled leader Bashar al-Assad last year after a 13-year civil war, and includes members of Syria’s former Al Qaeda branch who broke with the group and clashed with Daesh.
Syria has been cooperating with a U.S.-led coalition against Daesh, reaching an agreement last month when President Ahmed al-Sharaa visited the White House.
World
EU leaders agree joint borrowing to fund Ukraine, setting aside plan to use Russian frozen assets
European Union leaders decided on Friday to borrow cash to fund Ukraine’s defence against Russia for the next two years rather than use frozen Russian assets, sidestepping divisions over an unprecedented plan to finance Kyiv with Russian sovereign cash.
“Today we approved a decision to provide 90 billion euros to Ukraine,” EU summit chairman Antonio Costa told a news conference early on Friday morning after hours of talks among the leaders in Brussels, Reuters reported. “As a matter of urgency, we will provide a loan backed by the European Union budget.”
The leaders also gave the European Commission a mandate to keep working on a so-called reparations loan based on Russian immobilised assets but that option proved unworkable for now, above all due to resistance from Belgium, where the bulk of the assets is held.
The idea of EU borrowing initially seemed unworkable as it requires unanimity and Hungary’s Russia-friendly Prime Minister Viktor Orban had opposed it. But Hungary, Slovakia and the Czech Republic agreed to let the scheme go ahead as long as it did not impact them financially.
The EU leaders said Russian assets, totalling 210 billion euros in the EU, will remain frozen until Moscow pays war reparations to Ukraine. If Moscow ever takes such a step, Ukraine could then use they money to pay back the loan.
USE OF RUSSIAN ASSETS TO COMPLEX AT THIS STAGE
“This is good news for Ukraine and bad news for Russia and this was our intention,” German Chancellor Friedrich Merz said.
The stakes for finding money for Kyiv were high because without the EU’s financial help, Ukraine would run out of money in the second quarter of next year and most likely lose the war to Russia, which the EU fears would bring closer the threat of Russian aggression against the bloc.
The decision follows hours of discussions among leaders on the technical details of an unprecedented loan based on the frozen Russian assets, which turned out to be too complex or politically demanding to resolve at this stage.
The main difficulty was providing Belgium, where 185 billion euros of the total Russian assets in Europe are held, with sufficient guarantees against financial and legal risks from potential Russian retaliation for the release of the money to Ukraine.
“There were so many questions on the Reparations Loan, we had to go to Plan B. Rationality has prevailed,” Belgian Prime Minister Bart De Wever told a news conference. “The EU has avoided chaos and division and remained united,” he said.
HUNGARY SCORES A WIN
With public finances across the EU already strained by high debt levels, the European Commission had proposed using the Russian assets for a loan to Kyiv or joint borrowing against the EU budget.
Using the latter option allowed Orban to claim a diplomatic victory.
“Orban got what he wanted: no reparation loan. And EU action without participation of Hungary, Czech Republic and Slovakia,” one EU diplomat said.
‘CAN’T AFFORD TO FAIL’
Several EU leaders arriving at the summit said it was imperative they find a solution to keep Ukraine financed and fighting for the next two years. They were also keen to show European countries’ strength and resolve after U.S. President Donald Trump last week called them “weak”.
“We just can’t afford to fail,” EU foreign policy chief Kaja Kallas said.
Ukrainian President Volodymyr Zelenskiy, who took part in the summit, urged the bloc to agree to use the Russian assets to provide the funds he said would allow Ukraine to keep fighting.
“The decision now on the table – the decision to fully use Russian assets to defend against Russian aggression – is one of the clearest and most morally justified decisions that could ever be made,” he said.
World
US readies new Russia sanctions if Putin rejects peace deal, Bloomberg News reports
A State Department spokesperson told Reuters it does not preview sanctions.
The United States is preparing a further round of sanctions targeting Russia’s energy sector to increase pressure on Moscow should it reject a peace deal with Ukraine, Bloomberg News reported on Wednesday, citing people familiar with the matter.
A White House official told Reuters that U.S. President Donald Trump had made no new decisions regarding Russian sanctions.
“It is the role of agencies to prepare options for the president to execute,” the official said.
Bloomberg had reported the U.S. was considering options including targeting vessels in what is known as Russia’s shadow fleet of tankers used to transport exported oil, as well as traders who facilitate such transactions.
The new measures could be announced as early as this week, the report said, adding that Treasury Secretary Scott Bessent discussed the move with a group of European ambassadors this week.
“It is explicitly false to conclude any decisions have been made regarding future sanctions against Russia. As we have said for months, all options remain on the table in support of President Trump’s tireless efforts to stop the senseless killing, and to achieving a lasting, durable peace,” a U.S. Treasury Department spokesperson said.
A State Department spokesperson told Reuters it does not preview sanctions.
Asked about the Bloomberg article, the Kremlin said it had not seen the report but that any sanctions harm efforts to mend U.S.-Russia relations.
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