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MP: What s the difference between rolling and planned blackouts?
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No rolling blackouts planned during heating season in Kyrgyzstan
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2 million more Kyrgyzstanis need to be vaccinated against COVID-19
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Toktogul dam will have bigger water inflow in 2022
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“The government’s actions have left Centerra no choice but to exercise our legal rights, through the pursuit of arbitration and otherwise, to protect the interests of KGC [Kumtor Gold Company], Centerra and our shareholders,” said Centerra’s CEO Scott Perry in a statement.
Both the embassies of Canada and the United Kingdom in Kyrgyzstan have expressed their concern over the developments.
“Measures that negatively impact trade and foreign direct investment will further undermine already the fragile economic livelihoods of the Kyrgyz people,” said the embassies in a joint statement.
The European Bank for Reconstruction and Development (EBRD), a major investor in the country, expressed similar sentiments, claiming that “any such decision would put in doubt the commitment of the Kyrgyz Republic to stand by its obligations to its international partners and foreign investors.”