ALMATY: Kazakhstan’s president Nursultan Nazarbayev hastily resigned on Tuesday after 3 a long time in power, announcing his oil-rich Central Asian country now wanted “a brand new technology of leaders”. Nazarbayev, 78, the last Soviet-era chief nonetheless accountable for his country, mentioned he would retain key safety council and celebration chief positions while delivering the presidency to a devoted best friend for the rest of his term, which ends in April 2020.
“I've taken a choice, which was once no longer simple for me, to renounce as president,” Nazarbayev mentioned in a televised address sooner than signing a decree terminating his powers from March 20. “As the founding father of the independent Kazakh state I see my process now in facilitating the upward thrust of a brand new technology of leaders who will proceed the reforms which are under approach within the country.”
His decision hit the cost of Kazakh bonds and even seemed to weigh at the Russian rouble. Moscow is Kazakhstan’s primary trade partner and Nazarbayev has loved close ties with Russian President Vladimir Putin.
Valentina Matvienko, the speaker of the higher house of the Russian parliament and a close Putin best friend, mentioned Nazarbayev’s resignation was once sudden and very severe, RIA news agency reported.
Kassym-Jomart Tokayev, speaker of the higher house of parliament, will take over as Kazakhstan’s performing president for the rest of his term in keeping with the charter, Nazarbayev mentioned. Tokayev, 65, is a Moscow-educated career diplomat fluent in Kazakh, Russian, English and Chinese who has up to now served as Kazakhstan’s international minister and high minister.
Nazarbayev, a onetime metal worker, as president helped draw in tens of billions of greenbacks from international power companies and greater than triple Kazakh oil output. The former Communist Party boss urged his country of 18 million other people to independence from Moscow in 1991. He received 97.7% of the vote within the last presidential election in 2015 and has no apparent longterm successor. Kazakhstan is scheduled to hold both presidential and parliamentary elections subsequent yr.
“I've taken a choice, which was once no longer simple for me, to renounce as president,” Nazarbayev mentioned in a televised address sooner than signing a decree terminating his powers from March 20. “As the founding father of the independent Kazakh state I see my process now in facilitating the upward thrust of a brand new technology of leaders who will proceed the reforms which are under approach within the country.”
His decision hit the cost of Kazakh bonds and even seemed to weigh at the Russian rouble. Moscow is Kazakhstan’s primary trade partner and Nazarbayev has loved close ties with Russian President Vladimir Putin.
Valentina Matvienko, the speaker of the higher house of the Russian parliament and a close Putin best friend, mentioned Nazarbayev’s resignation was once sudden and very severe, RIA news agency reported.
Kassym-Jomart Tokayev, speaker of the higher house of parliament, will take over as Kazakhstan’s performing president for the rest of his term in keeping with the charter, Nazarbayev mentioned. Tokayev, 65, is a Moscow-educated career diplomat fluent in Kazakh, Russian, English and Chinese who has up to now served as Kazakhstan’s international minister and high minister.
Nazarbayev, a onetime metal worker, as president helped draw in tens of billions of greenbacks from international power companies and greater than triple Kazakh oil output. The former Communist Party boss urged his country of 18 million other people to independence from Moscow in 1991. He received 97.7% of the vote within the last presidential election in 2015 and has no apparent longterm successor. Kazakhstan is scheduled to hold both presidential and parliamentary elections subsequent yr.
Kazakhstan president resigns after three decades in power
![Kazakhstan president resigns after three decades in power]()
Reviewed by Kailash
on
March 20, 2019
Rating:
