• Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups
 

Talk Finance

£$$€№₮IAL €¢¤₦¤MI¢ №€₩$
  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

Talk Finance

  • Foreign Affairs
  • Money Matters
  • Domestic Affairs
  • IT, Innovation and Startups

In Foreign Affairs

Pharma crisis in Kazakhstan is a gift for Timur Kulibayev and the clan

2nd August 2020

Pharma crisis in Kazakhstan is a gift for Timur Kulibayev and the clan Pin It

As nations braced for COVID, implemented a lockdown measures, tried to emerge and restart their economies many foolish things have been done, Leeds STV points out. In some parts of the world, such as in the UK, there is growing opposition to quarantine. It is widely believed that the measures itself were more harmful than the virus. In some countries the governments itself are launching attacks to divert the people’s anger and frustration to someone else. Kazakhstan’s government resorted to such tactics. President Tokayev, literally blamed pharmacies for the crisis. And that’s the moment Timur Kulibayev who controls the pharma market of Kazakhstan steps in.

Blame the pharmacies!

Timur Kulibayev and Nursultan Nazarbayev
Timur Kulibayev and Nursultan Nazarbayev

The population of Kazakhstan is frightened by lack of information or the mistrust in the official bulletins. It serves as the perfect breeding ground for the wildest rumours. Modern technology, in particular social networks and instant messaging makes the spreading of it faster than disease itself.

The rumours are about thousands of dead that authorities are hiding; about a miracle cure that is available in pharmacies; about the other virus which is spreading in the country; about authorities spreading the virus from helicopters. All sorts of the wildest conspiracies flourish in the society.

Inspired by them people storm the pharmacies and buy medications without any reasonable meaning. There is no cure for COVID-19 for now. That doesn’t stop Kazakhstanis from panic hamstering the shelves.

Bolat Nazarbayev

Tokaev blamed the pharmacies for conspiring to raise the prices and create an artificial shortage. It’s not the case. The entire market of wholesale medicine is controlled by Nursultan Nazarbayev’s brother, Bolat Nazarbayev, and Nursultan Nazarbayev’s son-in-law, Timur Kulibayev. By selective distribution of the medicine to some pharmacies and not the others they set up the smaller pharmacies.

The retail market is largely represented by small family pharmacies. Tokaev-inspired tight control, regulatory inspections, mass media hysteria and panic result in heavy fines imposed on small venues. Along with the fine comes representatives of Timur Kulibayev and Bolat Nazarbayev pharmacy chain stores who acquire the troubled shops for a quarter of the price.

Both panic and government attempts to curb it work for Timur Kulibayev: he will tighten the grip on the market in any case.

Share

No Comments

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Post

France recorded the steepest…

In Foreign Affairs

France recorded the steepest GDP decline ever measured

View Post

Next Post

HSBC profits fall 65 y/y,…

In Money Matters

HSBC profits fall 65 y/y, COVID and international tensions are to blame

View Post

Boris Johnson

In Domestic Affairs

Boris Johnson comes with the long roadmap from the lockdown

View Post

In Money Matters

Moody’s expects lower bounceback for Eurozone and Britain

View Post

In Money Matters

EU zone economic confidence reaches 93.4 with the reasons for euphoria still to uncover

View Post

In Money Matters

IAG advocates the digital ‘testing and vaccination passports’ for passengers

View Post

Newsletter

Latest News

View

Printing and design companies in US and UK heavily affected by the crisis

1st March 2021

View

Alex Salmond causes unrest in troubled Scottish government

27th February 2021

View

Flat opening on Friday US markets

27th February 2021

View

IAG advocates the digital ‘testing and vaccination passports’ for passengers

26th February 2021

Allow us to introduce ourselves

Talk-Finance.co.uk, the analytic media. We are focused on the fresh business, M&A and financial data. We pay attention to the interesting new projects and startups while not letting the whole picture to let unnoticed.

  • Investing.com
  • Runch.co.uk

Sign Up for Our Newsletter

Our friendly crew

  • Matthew Patridge, the chief Editor
  • Chris Kimble, the managing Editor
  • Matthew Weller, webmaster&technical stuff
  • Charles Sizemore, author
  • David Stevenson, author
  • Helen Rush, author

Contact us by [email protected]

© 2019 Talk Finance - All Rights Reserved. [email protected]