Longtime Kazakh leader announces shock resignation

Image
AFP Astana
Last Updated : Mar 19 2019 | 8:30 PM IST

Kazakhstan President Nursultan Nazarbayev shocked the nation on Tuesday by announcing his resignation after nearly 30 years in power.

The Central Asian strongman, 78, had ruled Kazakhstan since before the collapse of the Soviet Union and leaves no obvious successor.

His announcement came a year ahead of the country's next scheduled presidential election and amid growing frustration over falling living standards.

In a broadcast address to the nation, Nazarbayev said he had decided to step down and that the chairman of the Kazakh senate would take over.

"I have taken the decision to resign from the post of presidency," Nazarbayev said.

"The mandate of the presidency will pass to the chairman of the senate for the remainder of my presidential term."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 19 2019 | 8:30 PM IST

Next Story